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The Federal Reserve has decided to keep interest rates unchanged at 4.25%-4.50%, signaling that it is in no hurry to cut rates despite economic uncertainty. Chairman Jerome Powell emphasized the need for clarity on inflation and labor market trends before making any policy adjustments. Economic Strength and Inflation Concerns Powell noted that the economy remains …
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For the first time in seven years, Pakistan’s short-term inflation rate has turned negative, signaling a potential shift in the country’s economic trajectory. This development comes amid government policies aimed at stabilizing the economy and controlling price hikes. What Led to This Decline? Several factors contributed to this drop in short-term inflation: Lower Commodity Prices: …
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The State Bank of Pakistan (SBP) is expected to announce its seventh consecutive rate cut on Monday as the country undergoes its first International Monetary Fund (IMF) review of a $7 billion bailout. With inflation at a near-decade low, analysts believe further easing is likely, which could help unlock additional IMF funding before the national …
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Gold prices in Pakistan rose on February 16, 2025, reflecting global market trends. The price of 24-karat gold per tola reached Rs302,200, increasing by Rs1,700. The price for 10 grams of 24-karat gold climbed to Rs259,945, showing a rise of Rs1,458. For 22-karat gold, the price stood at Rs238,283 per 10 grams. International Gold Prices …
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US inflation jumped unexpectedly to 3% in January, reaching its highest level in six months. The rise exceeded the 2.9% predicted by economists, increasing concerns about the cost of living. Price hikes in food and energy played a key role, leaving many Americans facing growing financial pressure. Food and Energy Drive Price Increases Higher food …
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Amid ongoing economic reforms, Pakistan’s inflation rate is expected to drop significantly, with the Consumer Price Index (CPI) for January 2025 forecasted to dip below 3%, marking the lowest level since November 2015. According to a report by JS Global, January’s CPI inflation could fall to 2.8%, driven by a high base effect, despite a …
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Prime Minister Shehbaz Sharif has reiterated the government’s commitment to ensuring sugar remains affordable for the public while boosting revenue collection through advanced technology. Speaking at a review meeting in Lahore, he highlighted the need for digitization and video analytics to enhance transparency and eliminate malpractices in key industries, with a focus on the sugar …
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The salaried class in Pakistan paid Rs. 375 billion in taxes last year. This figure is expected to rise to Rs. 450 billion this year, according to recent data. The salaried individuals continue to be the largest contributors to the national tax pool. In stark contrast, the retail sector’s tax contributions are significantly lower. Only …
Pakistan’s freelance community is facing severe challenges due to ongoing internet disruptions, which have significantly impacted their ability to work and maintain client relationships. As the country grapples with inflation and economic strain, these issues are further exacerbating the difficulties faced by freelancers. Recent disruptions have led to a surge in complaints from freelancers who …
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SBP Maintains 22% Policy Rate: Monetary Policy Statement In its recent announcement, the State Bank of Pakistan (SBP) upheld the policy rate at 22 percent after careful evaluation of economic conditions. The announcement was made after the meeting of Monetary Policy Committee in Karachi on Monday March 18, 2024 Despite a decline in inflation since …
The federal government of Pakistan, led by the Pakistan Democratic Movement (PDM), has announced a reduction in the prices of petroleum products (POL) by up to Rs30 per litre. The government took this decision after a fall in the international oil rate. The price of petrol, in international market is decreased by Rs12 per litre …
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IMF’s new demands weigh on Pakistani rupee. The Pakistani rupee faced a significant drop during Wednesday’s trade as the market reacted nervously to news that the International Monetary Fund (IMF) had made “new demands” of the federal government. The currency fell 4.61 or 1.73% against the US dollar to close at 266.11 in the interbank …
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Petrol Price Decreased by Rs5 per Litre for the Next Fortnight by Govt. The federal government has announced a decrease in petrol prices by Rs5 per litre for the upcoming two weeks to provide relief to the masses who are already burdened by inflation. In a press conference held on Tuesday, Finance and Revenue Minister …
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The inflation rate is not stopping at any moment for the people of Pakistan. Oil, flour, pulses, meat, chicken, and vegetables all have witnessed huge jumps in prices. Now another inflation bomb dropped on the people of Pakistan because of the decision that Oil and Gas Regulatory Authority (OGRA) took. OGRA decided to increase sui …
Inflation rates are rising day by day in every corner of the world. Pakistan is not exempted from this crisis as well. The foreign reserves are down to $4.5 billion but the expenses are imports on the way are worth billions of dollars as well. It is reported that Pakistan might suffer a pulse crisis …
Pakistan has been facing an economic crisis in recent years, which has been exacerbated by high levels of inflation. Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and …
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Pakistan International Airlines and private airlines have jacked up ticket prices, both domestic and international. the reason for this price hike is because of a huge gap between supply and demand. Furthermore, Pakistan international airlines increased the prices because of the holiday season as well. Christmas, Winter, and New Years’ holidays are right around the …
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Pakistan is going through an economically rough patch due to which all the industries are slowing down as well. Pakistan Bureau of Statistics revealed that large-scale manufacturing declined by 7.75 percent in October. Moreover, due to high inflation rates and ever-increasing prices of raw materials, economists believe that there will be a further economic slowdown. …
The UK economy is witnessing a shrink and is going through economically tough time and is expected to experience a recession The analysts suggest that UK economy shrank between July and September and is expected to be hit by a long recession. The country is going through a recession because of market collapse, high inflation …
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ISLAMABAD: The Pakistan Bureau of Statistics (PBS) announced on Thursday that inflation rose to over 9% in March, the highest rate in three months, due to increases in food and electricity prices, especially in rural areas of the country. Three days after Prime Minister Imran Khan sacked Finance Minister Dr Abdul Hafeez Shaikh for not …
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