1726140338-0/Untitled-design-(42)1726140338-0.jpg "State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation D_Trends")
The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to falling … Read more
Foreign investment inflows into Pakistan’s domestic bonds have taken a sharp turn, with disinvestment of $78 million recorded in the first half of August, signaling a reversal from the record inflows seen in July. According to data released by the State Bank of Pakistan (SBP), foreign inflows into T-bills during the first 15 days of … Read more
The submersible pump well located inside the compound of a residential building in Karachi’s Garden East. — Reporter KARACHI: Two minor boys and a young man were killed after falling into a 120-foot-deep submersible pump well located in a Karachi neighbourhood, police said on Sunday. The tragic incident took place inside the compound of a … Read more
The National Electric Power Regulatory Authority (Nepra) has expressed concerns over the sluggish growth in electricity consumption, which has risen by only 3.18% over the past six years (2018-2024). The slowdown is attributed to high electricity prices, widespread adoption of solar energy, macroeconomic factors, and a decline in cheap hydel power generation. According to a … Read more
GENEVA: The global labour market outlook for young people has improved in the last four years, and the upward trend is expected to continue for two more, according to a new International Labour Organization (ILO) report. The ILO has issued its Global Employment Trends for Youth 2024 report to coincide with International Youth Day on … Read more