State Bank of Pakistan building in this undated image. — AFP/File The SBP has cut interest rates four times in a row since June. The CPI for November stood at 4.9%, well below the general market consensus. 71% of survey participants expect a minimum rate cut of 200 basis points by the SBP. The State … 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
ISLAMABAD: The Ministry of Foreign Affairs on Thursday stressed that foreign policy remains a federal responsibility, responding to Khyber-Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur’s plan to send his own delegation to Afghanistan to address security concerns . “Foreign policy is a federal subject and it is the prerogative of the government of Pakistan to … Read more