LONDON/NEW YORK: A gauge of global stocks rose for the first time in four sessions on Friday as equities steadied after a sharp selloff and US economic data showed an improving inflation landscape, sending Treasury yields lower. The Commerce Department said the personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, edged … Read more
SBP Governor Jameel Ahmad addressing the press conference in Karachi on July 29, 2024. — Screengrab via Geo News Current account deficit narrowed sharply in FY24: SBP governor. Says FX reserves improved from $4.4 billion to above $9 billion. MPC assesses FY25 real GDP growth in range of 2.5% to 3.5%. The State Bank of … Read more
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb addressing media persons at PTV Headquarters on July 28,2024. — APP Outlook says economy stabilised in FY2024 with easing inflation. Says in real sector, agriculture outperformed, LSM is set to take off. Adds external account position improved due to contained imports. Amid optimism about reaching single-digit rates, … Read more
Short-term inflation, measured by the Sensitive Price Indicator (SPI), declined by 0.12% for the week ended on August 01, 2024. This is the first decline in SPI-based inflation in the past five weeks due to a fall in food and energy prices. On a year-on-year (YoY) basis, SPI recorded 18.41% compared to the corresponding week … Read more
A shopkeeper calculates his sales on an electronic calculator. —Reuters/File General CPI inflation clocked in at 12.6% in previous month. Urban CPI inflation increases by 13.2% on YoY basis in July 2024. Rural CPI inflation grows by 8.1% on year-on-year basis last month. ISLAMABAD: The general Consumer Price Index (CPI)-based inflation recorded at 11.1% on … Read more