Prime Minister Shehbaz Sharif chairs federal cabinet meeting on December 2, 2024. — PID Prime Minister Shehbaz Sharif welcomed a record fall in inflation to 4.9% after nearly six and a half years, expressing hope that the remarkable development will lead to further reductions in the policy rate. Exceeding official forecasts, inflation in Pakistan slowed … Read more
People look at handbags displayed outside shops at a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan, April 19, 2023. — Reuters Inflation is expected to decline to 5.6%-6.5% by December. PBS data shows inflation fell to 7.2% in October. The LSM sector seems to be struggling to bounce back. Inflation is expected to … Read more
ISLAMABAD: Petroleum Minister Musadik Masood Malik on Thursday informed the National Assembly that oil prices in Pakistan have decreased by Rs 47.54 per liter since May. Replying to various questions, the minister explained, “Pakistan purchases fuel at international market rates, but we get some discounts on the premium. » He explained: “Under an agreement, we … Read more