Addressing a news conference Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian said in Pakistan’s case, monetary policy has been tightening over the past two or three years to control inflation, and inflation is projected to come down, but more work needs to be done. He said that Pakistan is […]
The delegation consists of Saudi Minister of Water and Agriculture Eng Abdul Rahman Abdul Mohsen Al-Fadley, Minister of Industry and Mineral Resources Bandar Ibrahim AlKhorayef, Deputy Minister of Investment Badr AlBadr, Head of Saudi Special Committee Mohammad Mazyed Al Towaijri, and senior officials from Ministry of Energy and Saudi Fund for General Investments. Finance Minister […]
In its latest monetary policy statement for the next six weeks, the central bank maintained that in approaching today’s decision, the monetary policy committee (MPC) noted that inflation has begun to decline noticeably from January 2024 in line with earlier expectations. “The Committee, however, observed that despite the sharp deceleration in February, the level of […]
The agreement came after six days of meetings between Ukrainian officials and IMF staff in Warsaw, Poland as part of a third review of Ukraine’s $15.6 billion 4-year Extended Fund Facility (EFF) Arrangement with the IMF. The IMF said Ukraine’s progress on the program was “broadly on track”, noting that Kyiv met all structural benchmarks […]
The Pakistani rupee is constantly devaluated against the US dollar in the domestic market. It has lost almost 3.7% of its value now- to the point that the Pakistani rupee was the worst-performing currency of Asia last year. Moreover, oil prices have increased dramatically by 9% which caused a tumult in the nation. Pakistan’s economy […]
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