Prime Minister Shehbaz Sharif on Monday expressed satisfaction over the Pakistan Bureau of Statistics report, which announced that inflation had fallen to single digits in August 2024. “With the grace of Allah, the hard work of the government’s economic team is bearing fruit,” the prime minister said in a statement issued by Prime Minister’s Office. … Read more
Listen to article Pakistan’s consumer price index (CPI) rose by 9.6 per cent year-on-year (YoY) in August, marking a 34-month low, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The CPI, which tracks household inflation by measuring price changes across various categories of household expenditure, showed a notable decline from the 11.1 … Read more
Men sell vegetables at their makeshift stalls at the Empress Market in Karachi, Pakistan April 2, 2018. — Reuters Inflation increases by 0.4% on month-on-month basis. CPI-based inflation peaked at staggering 38% last May. Finance ministry predicts further decrease in this rate. ISLAMABAD: Pakistan’s annual consumer price inflation rate slowed to 9.6% in August, the first … Read more
Pakistan’s headline inflation fell to 9.6% year-on-year in August 2024, the lowest rate in 34 months, according to the latest data released by the Pakistan Bureau of Statistics (PBS). This marks the first time inflation has dropped into single digits since October 2021, when it stood at 9.2%. The latest figure also reflects a decrease … Read more
ISLAMABAD: When parliament granted autonomy to the State Bank of Pakistan (SBP) in 2021, the central bank’s core mandate shifted from managing GDP growth to controlling inflationyet, in the past three years, the SBP has failed to deliver on that front. Despite manipulating interest rates and deploying other policy tools, inflation has remained stubbornly high, … Read more
Prime Minister Shehbaz Sharif addresses 23rd Shanghai Cooperation Organisation (SCO) Summit, hosted virtually by India, July 4, 2023. — Reuters PM Shehbaz says economy moving towards stability. Acknowledges relief in electricity bills, POL prices. “Govt believes in passing benefits to common man.” ISLAMABAD: Expressing satisfaction over the “nosediving of inflation rate” in the country, Prime … Read more
The Pakistan Stock Market is expected to maintain its positive momentum, driven by an anticipated lower inflation reading for August 2024, the upcoming Monetary Policy Committee (MPC) decision, and developments on the International Monetary Fund (IMF) deal, according to a note by brokerage firm AKD Research. The KSE-100 index displayed signs of weakness earlier in … Read more
ISLAMABAD: The federal government has revised its inflation forecast for August to a single digit, setting the stage for potential reductions in the interest rate by the central bank during the upcoming monetary policy meeting. The Finance Ministry, in its monthly economic outlook released on Friday, projected inflation to hover between 9.5% and 10.5% in … Read more
ISLAMABAD: The federal government on Friday cut its inflation forecast for August to single digit in a move that would put more pressure on the central bank to make a steep reduction in interest rate in the upcoming monetary policy meeting. On account of stability in economic indicators, inflation is expected to remain within the … Read more
KARACHI: Pakistan’s weekly inflation gauge, measured through the Sensitive Price Indicator (SPI), dipped by 0.62% week-on-week, driven by easing food prices and continuing to slow down for the third consecutive week. According to the Pakistan Bureau of Statistics’ (PBS) data, the pace of inflation slowed down to a new 27-month low at 15.34% in the … Read more