SBP jacks up key rate to record high of 21%
Inflation measured by the Consumer Price Index (CPI) reached an all-time high of 35.37 per cent year-on-year. SBP jacks up…
IMF
Read More
Pakistanis drown under spiralling prices as inflation hits all-time high of 35.4%
Fresh inflation reading augments prospects of rise in interest rates. Pakistanis drown under spiralling prices as inflation hits all-time high…
China rolls over $2bn loan to Pakistan, Dar confirms
“I am happy to confirm that this had been rolled over,” Dar says. China rolls over $2bn loan to Pakistan,…
SBP-held reserves fall to less than a month’s import cover
Forex reserves have decreased by $345m to $4.2bn. SBP-held reserves fall to less than a month’s import cover. As Pakistan…
IMF rejects govt’s proposal to increase BISP coverage
IMF asks Pakistan to use data to provide targeted subsidies. IMF rejects govt’s proposal to increase BISP coverage. The government’s…
PDM sacrificed politics over state, says PM Shehbaz
“We had to take some bold decisions which led to inflation and tough conditions for common man,” PM Shehbaz admits….
US willing to cooperate with Pakistan over IMF deal: US envoy
Donald Blome hopeful of Pakistan-IMF deal soon. US willing to cooperate with Pakistan over IMF deal: US envoy. US Ambassador…
SBP jacks up policy rate by 300bps to 27-year high
The national inflation calculated on the basis of the consumer price index (CPI) has surged to 31.5% on an annual…
Rupee tumbles by nearly Rs19 against dollar in interbank amid IMF delays
Analysts attributed the record drop — which is 7.04pc — to the government’s impasse with the International Monetary Fund (IMF)….
Markets, marriage halls in Karachi ordered to close early
Orders came after PM unveiled host of austerity measures. Markets, marriage halls in Karachi ordered to close early. In compliance…