KARACHI, December 16 2024: The State Bank of Pakistan (SBP) has reduced the policy rate by 200 basis points, bringing it to 13%, effective December 17, 2024. This decision reflects the bank’s efforts to balance economic recovery and inflation stabilization. Headline inflation fell to 4.9% in November 2024, driven by lower food prices and the…
KARACHI, October 24 2024: In a surprising turn against government assertions of falling inflation, prices for essential kitchen items in Pakistan continue to rise, straining household budgets. Recent reports highlight significant increases in the costs of staples such as flour, ghee, and cooking oil. Retailers have observed that the price of 5-kg bags of branded…
KARACHI, October 23 2024: – As the upcoming monetary policy meeting on November 4, 2024, approaches, analysts at Arif Habib Limited (AHL) anticipate a substantial 200 basis points (bps) cut in the policy rate, potentially lowering it to 15.5%. This level would be reminiscent of November 2022 when the rate stood at 16.0%. If this…
KARACHI, October 10 2024: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani and Chairman Policy Research & Advisory Council (PRAC) Mohammad Younus Dagha have advised the Central Bank to reduce the policy rate by at least 300 basis points in the next Monetary Policy Committee (MPC) meeting in line with a notable…
Karachi, June 01, 2020: As per the Pakistan Bureau of Statistics (PBS), CPI for the month of May’20 clocked-in at 8.22 percent YoY (in line with expectations) compared to 8.38 percent YoY in May’19 and 8.53 percent in Apr’20, respectively. According to Arif Habib Securities, this took the 11MFY20 average inflation to 10.94 percent against…