A customer buys rice at a wholesale store in Karachi, June 8, 2023. — AFP The drop represents the lowest inflation rate since October 2014. Experts attribute much of the decline in inflation to a high base effect. The sensitive price indicator shows a decline of 0.65% compared to the previous week. Inflation in Pakistan … Read more
State Bank of Pakistan Governor Jameel Ahmad speaking at an event organized by the Federation of Pakistan Chambers of Commerce and Industry in Karachi on January 9, 2025. — Screenshot/GeoNews The head of the SBP expresses his hope for greater stability in the economy. Jameel says SBP is dedicated to achieving its inflation targets. He … Read more
A trader speaks with a customer while selling spices at a market in Karachi, Pakistan, June 11, 2024.— Reuters KARACHI: Short-term inflation in Pakistan, as measured by the Sensitive Price Indicator (SPI), witnessed a slight decline of 0.26 percent for the week ending January 2, 2025, according to data released by the Pakistan Bureau of … Read more
The broker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, January 1, 2025. — PPI The capital market continued its bullish momentum during the second trading session of the New Year, crossing the 118,000 point mark for the first time in history. This recovery was driven by falling inflation, strengthening macroeconomic … Read more
A trader using a calculator in this undated photo. — Reuters/File CPI inflation fell from 29.7% in December 2023. In urban areas, CPI inflation declined to 4.4% year-on-year. Rural areas also saw a reduction in year-on-year inflation to 3.6% in December. KARACHI: The inflation trajectory showed signs of easing in December 2024, although persistent underlying … Read more
People buy pulses and cereals at a wholesale market in Karachi on February 1, 2023. — AFP KARACHI: Short-term inflation in Pakistan, as measured by the Sensitive Price Indicator (SPI), jumped by 0.8% for the week ending December 26, 2024, according to data from the Pakistan Bureau of Statistics (PBS) released today (Friday). Year-on-year inflation … Read more
Jameel Ahmad, Governor of the State Bank of Pakistan. — X/@StateBank_Pak Ahmed says risk factors have persisted despite the decline in headline inflation. The addition of a future rise in inflation would not be a cause for concern. “It will take 4 to 6 quarters to see the full impact of the key rate changes.” … 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
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