Prime Minister Shehbaz Sharif on Tuesday stressed the need for further cuts in Pakistan’s interest rate, indicating that it could be cut by an additional 8 percentage points despite the recent cut to 13%. “I would like the interest rate to be reduced again to 6%,” he said while addressing a ceremony held at the … Read more
State Bank of Pakistan (SBP) Governor Jamil Ahmad announced that a drop in the key interest rate to 13% will save the government Rs1.5 trillion in interest payments during the current fiscal year (FY25). Speaking to a private news channel, the Governor of the State Bank of Pakistan said that this saving will support the … Read more
IslamabadState Bank of Pakistan Governor Jamil Ahmed expects a temporary rise in inflation over the next three to four months, after a period of relief brought about by policy measures. Speaking on a television program on Monday, Ahmed attributed the expected rise to the “end of fundamental effects” and other upcoming factors. The governor stressed … Read more
Islamabad: Pakistan’s inflationary trend is likely to decline further as the CPI-based figure is expected to fall below 5% in November, hitting a 78-month low, according to a Topline Securities report. The report said: “Pakistan CPI for November 2024 is expected to reach 4.5-5% y/y (+0.4% m/m), bringing the 5-year average of FY25 to 7.91% … Read more
In her recent remarks, Kristalina Georgieva, Managing Director of the International Monetary Fund, stressed the urgent need for governments around the world to rebuild their fiscal capacity in light of fiscal pressures and increasing economic uncertainty. Speaking at the annual meetings of the International Monetary Fund and World Bank in Washington, D.C., Georgieva noted that … Read more
Prime Minister Shehbaz Sharif welcomed the Central Bank of Pakistan’s decision to reduce interest rates by 2%, describing it as a positive step for the country’s economy. He expressed optimism that lowering interest rates will boost investor confidence and increase investments in Pakistan. “The interest rate cut is a welcome step for our economy. It … Read more
ATHENS: Greece on Thursday outlined measures aimed at boosting its lagging birth rate, ranging from childcare checks and benefits to tax breaks for new parents, although experts questioned the plan’s effectiveness. Greece has one of the lowest fertility rates in Europe, a catastrophic demographic situation caused by a decade-long economic crisis, emigration and a change … Read more
Men use their mobile phones as they stand in front of an electronic board displaying stock market prices during a trading session on the floors of the Pakistan Stock Exchange (PSX) in Karachi, on June 12, 2017. — Reuters Stocks are in a volatile state as investors go bullish on index-heavy stocks. Analysts expect a … Read more