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Articles for tag: Annual, April, basis, forecasts, Pakistan, remain, shrinks, Surplus

May 17, 2025

News Desk

Pakistan April C/A Surplus shrinks by 99% on an annual basis but remain above forecasts

A general view of the Gwadar port. – Reuters/file Smaller surplus attributed to higher imports of goods, lower exports. A year, the surplus of the current account decreased by 96%, according to the SBP. Analysts were mostly expected that the current account was negative. Karachi: Pakistan has published a smaller surplus of current transactions in April, limiting the previous month and the same period last year, but still exceeding the expectations of a deficit. The current account surplus was reduced to $ 12 million, a 99% reduction from the previous month. Year in year, the surplus decreased by 96%, according

April 1, 2025

News Desk

India forecasts warn abnormally hot summer

A person travels on a bike during a hot summer day in India. – Reuters/file New Delhi: India can expect warmer than ordinary temperatures this summer, with more combustion days of burning burning lives and means of living, the Indian meteorological section (IMD) warned. India is not foreign to summer burning, but years of scientific research has found that climate change causes the largest, more frequent and more intense. Summer in India lasts from April to June, when temperatures often rise 45 degrees Celsius at the top of the season. This year, the hot weather season will see the maximum

December 2, 2024

News Desk

November inflation falls to 6.5-year low at 4.9%, beating official forecasts

A man shops for groceries at a store in Peshawar on April 27, 2018. — Reuters November CPI inflation rose just 0.5% MoM. Reading much lower than the finance department’s projection. It strengthens the case for a larger than expected cut rate. Exceeding official forecasts, Pakistan’s inflation slowed to 4.9% year-on-year in November 2024 from 7.2% in October, its lowest level in six-and-a-half years, data released by the Pakistan Statistical Service. (PBS) on Monday. On a monthly basis, Consumer Price Index (CPI) inflation rose 0.5% in November, compared with a 1.2% increase in October and a 2.7% rise in November

November 4, 2024

News Desk

SBP cuts policy rates by 250 basis points, beating forecasts, in fourth consecutive easing

A logo of the State Bank of Pakistan (SBP) is pictured at a reception desk at its headquarters in Karachi, Pakistan, July 16, 2019. — Reuters The MPC says inflation fell faster than expected, moving closer to the target range. It says tight monetary policy continues to hold down inflation. It claims that the policy decision will also support macroeconomic stability. The State Bank of Pakistan (SBP) on Monday cut its key policy rate by 250 basis points (bps) to 15%, at least 0.5% more than market expectations, marking the fourth straight cut as inflation remains in single digits until

November 1, 2024

News Desk

Pakistan’s CPI inflation rose to 7.2% in October, beating government and market forecasts

A shopkeeper talks to a customer while selling spices at a market in Karachi, Pakistan, June 11, 2024.— Reuters Inflation numbers will influence the monetary policy decision on November 4. The easing trend continues as inflation remained in single digits last month. The Ministry of Finance predicted that CPI inflation would remain at 6-7% in October. Pakistan’s annual inflation rate stood at 7.2% in October 2024, down from 6.9% in September, but significantly lower than the 26.8% recorded in October 2023, according to data from the Pakistan Bureau of Statistics (PBS ) on Friday. The measure added to months of

October 1, 2024

News Desk

Inflation fell to a 44-month low of 6.9% in September, beating official forecasts

Workers unload sacks of onions from a truck for supply at a market in Karachi, Pakistan, February 1, 2023.— Reuters Headline Inflation Outpaces Market, Official Consensus. High base, effect, commodity relaxation, fixed exchange rate. The policy rate looks set to decline further as deflation persists. Pakistan’s Consumer Price Index (CPI) inflation eased to 6.9% y-o-y in September 2024, the lowest since January 2021, from 9.6% in August, due to a high base effect , easing commodity and energy markets and a stable currency, according to the Pakistan Bureau of Statistics (PBS). The PBS data showed that on a monthly basis

September 27, 2024

News Desk

Finance ministry forecasts 8-9% inflation for September-October as CPI hits 34-month low

A shopkeeper uses a calculator while selling spices and groceries along a shop in Karachi on June 11, 2021. — Reuters The report states that the economy showed signs of recovery in the 2 months of the 25th year. It says important sectors have improved, suggesting an optimistic outlook for exports. The data shows that the CAD contracted, while the fiscal sector remained resilient. Pakistan’s headline inflation is expected to ease further in the next two months, likely to hover between 8-9 percent, the Finance Directorate said on Friday, predicting that the recovery will remain on track. In its “Monthly

August 31, 2024

News Desk

Inflation forecasts cut to 9.5%

Islamabad: The federal government on Friday cut its inflation forecast for August to single digits, a move that would put more pressure on the central bank to cut interest rates sharply at its upcoming monetary policy meeting. Due to the stability of economic indicators, inflation is expected to remain in the range of 9.5% to 10.5% in August and further decline to 9% to 10% in September, the finance ministry said in its monthly economic outlook. The forecast was lower than the previous forecast of 11% for August given last month by the finance ministry’s economic advisory wing. The central

April 7, 2024

News Desk

Experts issue new forecasts, areas to see clearly

The solar eclipse cloud forecast shows where to see the event clearly. — Nasa The moment of patience is almost over as April 8 is not long enough for the Moon to block sunlight and cast its shadow over Earth – a seven-year total solar eclipse that will begin in Texas. Weather services issued their forecast to give people information about where they can clearly see a total solar eclipse or where it won’t be fully visible. The eclipse will cast a dark shadow for a short time on Earth. Solar eclipse cloud forecast Authorities said clear views of the

February 17, 2024

News Desk

Bonds rally according to Goldman Sachs forecasts

KARACHI: Responding to Goldman Sachs’ forecast of a recovery in Pakistan’s US dollar eurobond, the top foreign bond maturing in April 2024 and others maintained an uptrend for the second consecutive business day on Friday. This marks a partial recovery from the roughly 5% drop following the post-election shakeup. In a story titled “Goldman Sachs sees end to Pakistan bond sell-off on IMF outlook”, Bloomberg reported on Thursday that “Goldman Sachs Group Inc says Pakistan’s dollar-denominated bonds will recover, overcoming a breakout electoral mandate, as the leaders of the emerging coalition understand the severity of the economic crisis and we

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