Karachi, July 16, 2019: The Monetary Policy Committee (MPC) decided to raise the policy rate by 100 bps to 13.25 percent with effect from 17th July 2019. The decision takes into account upside inflationary pressures from exchange rate depreciation since the last MPC meeting on 20th May 2019 and the likely increase in near term…
Islamabad, July 15, 2019: The weekly inflation for the week ended on July 11, for the combined income group, witnessed an increase of 1.35 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for the week under review in the combined group was recorded at 263.13 points against 259.63 points registered in…
Karachi, July 15, 2019: Foreign Direct Investment (FDI) falls by 50 percent in Pakistan for full-year FY19 (July-Jun19), totalling US 1.737 billion, versus US 3.471 billion that recorded in FY18. There was a net selling from foreign funds recorded in Capital Markets that stood at US 415 million. Read More: Vulnerabilities in external and fiscal…
Karachi, July 15, 2019: While Pakistan’s economy moved along the stabilization phase led by demand management policies, vulnerabilities in the external and fiscal sectors persisted during Jul-Mar FY19, according to the State Bank of Pakistan’s Third Quarterly Report on the State of Pakistan’s Economy released today. This implies that the current stabilization agenda needs to…
Islamabad, July 15, 2019: The country’s services trade deficit narrowed by 28.22 per cent during the first eleven months of the current fiscal year compared to the corresponding period of last year. The services trade deficit during July-May (2018-19) was recorded at US$3.944 billion against the deficit of US$ 5.496 billion during July-May (2017-18), showing…