EconomyPakistan's inflation slows to 17.3% YoY in April
Declines signals potential downward trend, alongside a 15.6% YoY increase in core inflation, as per PBS data
May 2, 2024
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Economy
EconomyPakistan prepares for IMF's next bailout programme
Fund's team to spend two weeks in Pakistan, focusing on macroeconomic and fiscal framework for the next 3-4 years
May 2, 2024
HeadlinesPak Suzuki slashes prices on Swift models by up to Rs 710,000
Limited-time price reduction announced in response to market conditions, effective May 1, 2024.
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SBP also sold Pakistan Investment Bonds worth Rs193.546 billion in a semiannual auction, missing Rs280 billion target
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A key issue is the country’s historic high interest rate of 22%, which has consumed around 60% of the budget.
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EconomyGovt to address Chinese IPPs' dues ahead of CPEC committee meeting, PM's Beijing trip
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HeadlinesHBL approves equity investment of Rs6bn in its microfinance subsidiary
Investment is fully aligned with all regulatory requirements and has received the nod from HBL’s shareholders
Apr 30, 2024
HeadlinesIndus Motor Company temporarily halts production due to supply chain issues
Production facilities will be closed from May 2 to May 8, 2024
Apr 30, 2024
HeadlinesIMF approves final $1.1bn tranche for Pakistan
SBA provided a policy anchor to address domestic and external imbalances as well as a framework for financial support from multilateral and bilateral partners, says global lender
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HeadlinesKIA Stonic EX+ sees unprecedented 24% price reduction
Stonic EX+ is now priced at Rs 4,767,000, down by Rs 1,513,000 from the previous price of Rs 6,280,000
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HeadlinesSBP maintains policy rate at 22% for seventh consecutive session
Macroeconomic stabilisation measures are contributing to considerable improvement in both inflation and external position, notes MPC
Apr 29, 2024