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Business

CPI falls to 8.2pc YoY in May

The Biz Update5 years ago1 year ago02 mins

Karachi, June 02, 2020: Headline inflation stood at 8.2 percent YoY in May-2020, compared to 8.5 percent YoY in Apr-2020. On MoM basis, CPI increased slightly by 0.32 percent during the month. For 11MFY20, CPI averaged 10.94 percent YoY and has dipped below the 11-12 percent range provided by the central bank (SBP itself suggested…

Economy

Pakistan’s debt falls by 3.3pc of GDP: IMF

The Biz Update5 years ago06 mins

Islamabad, December 28, 2019: Pakistan’s general government debt (including guarantees & IMF borrowing) during the first quarter of current fiscal year, showed significant decline as it fell to 84.7 percent of Gross Domestic Product (GDP), however by the end of previous year, the country’s debt had risen to 88 percent of GDP. A recently published…