Prime Minister Shehbaz Sharif addresses the COP29 Climate Action Summit in Baku, Azerbaijan, November 13, 2024. — PID The Prime Minister reiterates the government’s commitments to economic recovery. “I remain faithful to all the promises I made,” the Prime Minister said. He says the country is moving towards progress after economic stability. ISLAMABAD: Prime Minister … Read more
A stockbroker attends a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The rally progresses as investors gorge themselves on valuations. Analysts predict sustained growth with stabilized policies. November inflation figures exceeded official market forecasts. Stocks continued their explosive upward momentum Tuesday, building on Monday’s record gains … Read more
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
A man shops at a store in Peshawar, April 27, 2018. — Reuters CPI-based inflation in November rose just 0.5% month-on-month. Reading well below the financial division’s projection. Strengthens the case for a higher reduction rate than expected. Exceeding official forecasts, inflation in Pakistan slowed to 4.9% year-on-year in November 2024, from 7.2% in October, … 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