State Bank of Pakistan cut its key policy rate
The State Bank of Pakistan (SBP) has announced a cut to its key policy rate by 250 basis after inflation dropped to single digit. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basispoints to 15 percent, effective from November 5, 2024″,
K-Electric consumers to pay higher electricity bills from this month
The consumers of K-Electric will have to pay higher electricity bills due to the adjustment of Rs2.17 per unit for the month of November.
PSX reaches new high, crossing 90,000 mark
Pakistan Stock Exchange (PSX) retained its bullish trend, as shares surged more than 1,100 points to a new high in intraday trade on Friday. The benchmark KSE-100 index climbed 1141.43, or 1.25 per cent to stand at 90,087.41 points from the previous close of 88,945.98 points at 9:55 am. Finally,
Flour, cooking oil price rise despite govt inflation claims
Price of essential food items such as flour, cooking oil, and ghee have increased despite the government claiming that inflation is on a downward trend. The price of 5kg flour bag went up by Rs50, leaving consumers with no choice but to buy a 5kg flour bag for Rs630-650 compared
Weekly inflation hits 3-year low at 12.7 per cent
The Sensitive Price Index (SPI)-based inflation for the week ending on September 19, 2024, witnessed a year-on-year increase of 12.72 per cent, as reported by the Pakistan Bureau of Statistics (PBS). This marks the lowest annual inflation rate since October 2021, according to data from Arif Habib Limited (AHL). Key
Employees to stage protest over utility stores shutdown on Monday
The Utility Stores Employees Union announced a nationwide strike and protest in Islamabad on Monday. This comes in response to the federal government’s decision to shut down all utility stores, giving them a two-week deadline. Employees, alarmed by the impending closures, have begun organising their demonstrations. Following the decision, all
How much relief will govt provide on your electricity bills?
Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif and Punjab Chief Minister (CM) Maryam Nawaz have announced that customers using up to 500 units will get a subsidy of Rs14 per unit in August and September. “The Punjab government will provide a relief of Rs14 per unit in electricity bills up
