In a rare break for the masses, Pakistan has witnessed a significant reduction in retail petroleum prices, marking the fourth consecutive fortnight of falling rates. Motor gasoline prices have plummeted to their lowest in 21 months, providing much-needed relief from the inflationary storm that has gripped the country for the past two and a half […]
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has made a bold move by slashing its key policy rate by 200 basis points (bps), bringing the interest rate down to 17.5%—the largest rate cut since April 2020. This aggressive decision comes as Pakistan’s inflationary pressures ease, supported by a favorable international […]
In July 2024, Pakistan’s money supply took an unexpected turn, as the State Bank of Pakistan (SBP) reported a slight contraction in total money supply (M3). This shift signals a change in the economic landscape, as the growth trend observed in the previous months has been interrupted. Despite this monthly decline, the broader picture still […]
Pakistan reached a significant economic milestone in August 2024, recording single-digit inflation for the first time in three years. This achievement was highlighted by a Consumer Price Index (CPI) drop to 9.6%, marking a pivotal moment for the country’s economic trajectory. Despite a slight monthly increase of 39 basis points, this is a considerable improvement, […]
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