The automotive industry in Pakistan was in an impressive ascending path during the first nine months of the fiscal year 25, as car sales reached 100868 units – a noticeable increase of 46 % compared to the previous year, according to a report issued by the mediation company Topline. This increase in demand reflects the … Read more
Canada Bank reduced the main policy rate by 25 basis points to 2.75 % on Wednesday, cautiously of the economic risks of the US tariff. The central bank said it will continue with caution with more prices because it balances inflation pressure from high costs against poor demand. The seventh consecutive rate of mitigation in … Read more
Islamabad: Pakistan’s auto sector witnessed a significant increase by an annual basis (YOY) in car sales for the first eight months of the fiscal year 2025 (8mfy25), reaching a total of 89,770 units compared to 59,700 units during the same period of the 2024 academic year. Car sales in February 2025 reached 12,084 units, which … Read more
IslamabadThe trade deficit in Pakistan increased by more than 33 % on an annual basis (YOY), reaching $ 2.3 billion in February 2025, compared to $ 1.72 billion in the same month 2024, according to data from the Pakistani Statistics Office (PBS), which was issued on Monday. The commercial imbalance expanded with a decrease in … Read more
KARACHI – The Pakistan Business Council said an interest rate cut of about 200 basis points on December 16 is possible, with further cuts expected in early 2025 if inflation remains under control. “This cut will bring the interest rate closer to the prevailing three-month interbank offered rate (KIBOR), which is currently around 12.5 percent,” … Read more
The State Bank of Pakistan logo on the reception desk at the head office in Karachi, Pakistan, July 16, 2019. — Reuters The State Bank of Pakistan (SBP) on Monday cut its key interest rate by 250 basis points to 15%, the fourth straight cut as inflation remains in single digits until October. Analysts as … Read more
Workers working in a textile factory. – Reuters/File ISLAMABAD: In a bid to ease financial pressures on the industrial sector, the Pakistan Textile Mills Association (APTMA) has urged the Monetary Policy Committee (MPC) to cut interest rates by at least 400 basis points in its next meeting on November 4. . Asking the MPC to … Read more