According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 324.11 points as compared to 321.94 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
The decision was taken in a Monetary Policy Committee (MPC) meeting of the central bank chaired by SBP Governor Jameel Ahmad. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee noted that inflation has declined […]
The decision comes after the country’s inflation rate dropped to a single digit, with the core inflation measured by the Consumer Price Index (CPI) reaching a 34-month low of 9.6% in August 2024. The price reduction, effective immediately, affects over 800 items, with decreases ranging from Rs8 to Rs200. The new prices apply to various […]
Despite a seasonal spike in perishable food prices, inflation in March dropped to an almost two-year low of 20.7%, exceeding government projections and casting doubt on the central bank’s decision to keep interest rates at historically high levels. According to a Monday report from the Pakistan Bureau of Statistics (PBS), the rate of rise in […]
The Ministry of Finance has projected that, starting this month, inflation will gradually reduce, mostly as a result of a decline in the cost of perishable goods. The ministry stated in its Monthly Economic Update and Outlook for February that inflation is expected to remain in the range of 24.5-25.5 percent in February and then […]
Pakistan’s inflation rate experienced a decline for the first time in three months, registering at 28.34 percent year on year in January 2024, down from the previous month’s 29.66 percent, according to the Pakistan Bureau of Statistics (PBS). However, on month on month basis, it marked an increase of 1.8 percent over the previous month. […]
Wednesday marks six months since the Kremlin launched its invasion of Ukraine. As Russia bombs its neighbor, what has become the biggest European war since 1945 has had an outsized impact far south, in the Middle East. A volatile region with an array of existing problems, the Middle East was no exception to the disruptions brought on by the […]
Prime Minister Imran Khan, during the telephone session with the public on Sunday, has shared his Ramadan routine with everyone. When asked about his exercise routine during Ramadan, PM Imran replied, “I always do exercise before breaking my fast, and actually we all should do it as it is quite healthy doing so.” “Keeping fast […]
Inflation in the country dropped down by 0.19% to 13.21% over the last week, the Pakistan Bureau of Statistics (PBS) said in a weekly report issued Friday. Over the last week, the rates of 22 commodities increased, nine decreased, and the price of 20 remained stable. The price of tomatoes increased Rs7.27, ghee Rs1.63, daal […]
The Bureau of Statistics released a weekly inflation report according to which Inflation rises to 2.41% in one week. According to the report of the Bureau of Statistics, inflation has increased by 2.41% in one week while the prices of 25 essential items have increased during this period. The report stated that prices of 5 […]
