People buy dried fruit in a market in Karachi on February 1, 2023. – Reuters Some consumption items have seen price increases. SPI inflation has a rare drop of 1.2%. Onions experienced a massive drop of 67.67% prices in annual shift. Karachi: The sensitive price indicator (SPI), which measures short -term inflation in Pakistan, recorded … Read more
A brass plate from the State Bank of Pakistan is seen outside of its wall in Karachi, Pakistan, December 5, 2018 – Reuters Rate reductions may not achieve growth goals, says Economist. Budget austerity measures pose challenges to relaunch demand. The rate reductions can resume this exercise later, at the beginning of next year. With … Read more
An illustration shows U.S. $100 bank notes taken in Tokyo, August 2, 2011. — Reuters Improvement based on the stabilization of macroeconomic indicators. A healthier external account also plays a role in development. Miftah Ismail says “it’s great that the risk has reduced so much.” KARACHI: Pakistan’s perceived default risk has declined sharply, as evidenced … Read more
Listen to the article The temperature in Karachi fell to 9.2°C on Friday evening as the city continued to experience a cold wave. According to the Pakistan Meteorological Department (PMD), the cold is caused by northeast winds from Balochistan, which blow over the city. These winds intensified the cold, making the weather noticeably colder in … Read more