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″,
Government imposes new restrictions on non-filers
Pakistan’s Finance Minister, Muhammad Aurangzeb, recently announced new restrictions on property and vehicle purchases for non-filers as part of broader economic reforms. Speaking at a press conference in Washington, he highlighted that these difficult decisions are necessary to drive long-term improvement, according to Express News. Aurangzeb explained that Pakistan aims
Interest rate may decrease, Finance Minister Muhammad Aurangzeb
WEB DESK: Finance Minister Muhammad Aurangzeb has indicated a potential reduction in interest rates. While addressing the Pakistan Business Forum in China, Finance Minister Muhammad Aurangzeb stated that there has been a significant decrease in the inflation rate, and all of Pakistan’s economic indicators are heading in the right direction.
Bank borrowings hit Rs6.2 tr in just 10 months
WEB DESK: Pakistan’s government surpassed its treasury bills auction target, raising Rs640 billion on Wednesday, while simultaneously reducing the cut-off yields for various tenors by up to 49 basis points. Despite a target of Rs450 billion, the overwhelming response saw bids totaling over Rs1.8 trillion, indicating investors’ preference for risk-free
Pakistan’s headline inflation in April dips to 17.3 pc, lowest in nearly two years
Despite challenges, committee expressed confidence in downward trajectory of inflation, aiming to reach target range of 5–7 % by Sep 2025.
