A man walks with bags of supplies on his shoulder to deliver them to a nearby store at a market in Karachi, Pakistan, June 11, 2024. — Reuters The IMF forecasts Pakistan’s GDP growth of 4% in 2026. Expects a 2.6% drop in energy commodity prices in 2025. It forecasts a 2.5% increase in the … Read more
A representative image of the flames of a lit gas stove. — AFP/File A 50% cutoff replaces a complete disconnection during the peak winter months. GSA Clause 1 invoked for supply on “as available” basis. Industries are encouraged to maintain double shot agreements. KARACHI: The Sui Southern Gas Company (SSGC) has announced a 50% reduction … Read more
Federal Reserve Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve December 18, 2024 in Washington, DC. -Reuters The US Federal Reserve cut interest rates on Wednesday, with Chairman Jerome Powell warning that further reductions would depend on significant progress in tackling persistently … Read more
A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at its headquarters in Karachi, Pakistan, July 16, 2019. — Reuters SBP cuts policy rate to 13% in today’s meeting. The consumer price index for November stood at 4.9%. This brings total cuts to 900 basis points since June. and … Read more