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Articles for tag: Development of the Services Sector, Economic Indicators Pakistan, Financial Objectives FY26, Financial Year 2026 Pakistan, Growth of Pakistani GDP, holds, Impact on SBP budget, Industrial Development Pakistan, Inflation, inflation in pakistan, Interest, Macroeconomics of Pakistan, Pakistan, Pakistan commercial deficit, Pakistan external reserves, Pakistan running account, rate, recovery, SBP, SBP financial prospects, SBP inflation prediction, SBP June 2025, SBP monetary policy, SBP Policy Rate, SBP press release, stable, state bank of pakistan

September 7, 2024

News Desk

Weekly inflation falls to three-year low

KARACHI: Pakistan’s weekly measure of inflation, called the Sensitive Price Indicator (SPI), hit a three-year low as it slowed to 14.07% in the week ending September 5, 2024 compared to the same period last year. On a weekly basis, short-term inflation eased by 0.15% on lower energy and food prices. Accordingly, the rate of increase in commodity prices slowed for the fourth consecutive week, according to data released by the Pakistan Bureau of Statistics (PBS). The deceleration in the SPI, coupled with a drop in monthly consumer price index (CPI) inflation to a single-digit rate of 9.6% after a gap

September 3, 2024

News Desk

Inflation slows to three-year low

Islamabad: Pakistan’s annual inflation rate eased to 9.6 percent in August, the lowest level in nearly three years, due to a higher base effect and lower prices for non-perishable food items. However, there was a notable double-digit acceleration in the prices of other basic goods. The Pakistan Bureau of Statistics reported on Monday that inflation slowed to 9.6 percent in August compared to the same month last year. This is the slowest rate since October 2021 when it was recorded at 9.2%. Details show that the decline in inflation is attributed to higher inflation rates in August last year and

July 17, 2024

News Desk

ADB predicts high inflation for Pakistan in the current financial year

The Asian Development Bank (ADB) has predicted that inflation in Pakistan will remain high in the current financial year. The bank’s latest Asian Growth Prospects report raised its economic growth forecast for developing Asia and the Pacific from 4.9 percent to 5 percent, but Pakistan faced a tougher outlook. ADB predicted that Pakistan’s inflation rate, which had fallen from 38% to 11.8%, will remain high. The bank also predicted that the country’s debt could fall by 7%, from 77% to 70%. Despite these projections, ADB highlighted that 62% of Pakistan’s revenue will be used for debt repayment during the 2024-2025

August 28, 2023

The Pakistan Daily

PPP announces countrywide protests against inflated electricity bills

ISLAMABAD: Pakistan People’s Party (PPP) has announced countrywide protests against the inflated electricity bills. PPP Secretary General Nayyar Bukhari announced that the inflated electricity bills have worried every citizen. He added that PPP will stage protests on city, union council (UC) and tehsil levels across the country. Bukhari ordered PPP workers to stage protests across the country. The movement against inflated electricity bills nationwide is gaining momentum every day. People are hitting the streets and burning the bills in protest. The inflated power bills triggered country-wide protests from Karachi to Khyber and protests in some parts of the country are

January 9, 2023

Hafsa Noor

Inflation concerns in 2023 (Opinion)

Since June, the prices of goods and services we use on a daily basis have risen at breakneck speed. The CPI has risen to an all-time high of 196.86 points in December of 2022, as energy subsidies are phased out and fuel taxes and levies are imposed. According to financial analysts, an increase of this magnitude in the inflation index typically occurs over a period of 12 to 18 months. No surprise that inflation in December 2022 reached 9.6 per cent ( underline from dec to 9.6 % and create a hyperlink directing to this page. The third fastest increase

December 1, 2021

The Pakistan Daily

Inflation hits 23-month high, price-hike ratio soars to 11.9% in November

ISLAMABAD: Inflation soared to a 23-month high on Tuesday, while the price-hike ratio increased to 11.9 per cent in November. According to the Pakistan Bureau of Statistics, the ghee price has increased by 58.29 per cent, electricity price by 47.87 per cent, POL products by 40.81 per cent and medicines by 11.76 per cent in a year. The prices of lintels, vegetables, fruits and flour have also increased manifold. The inflation rate in cities remained at 12 per cent, while it remained at 10.9 per cent in villages. The indicators of the daily-use items touched 18.1 per cent, while the

April 5, 2021

Raja Furqan Ahmed

PM directs ministers to bring down essential commodity prices before Ramadan

ISLAMABAD: Prime Minister Imran Khan called on federal spokespersons and senior federal ministers and directed them to bring down essential commodity prices ahead of the holy month Ramzan. PM also directed spokespersons to highlight the government’s achievements so far, stressing that the government’s performance will be visible to the masses in the days to come. The premier said the government was taking “serious” steps to curb inflation, as he vowed the regime would not let the “Satta” (gambling) mafia thrive in the country. “We have fixed the price of sugar,” the prime minister added. “The government will take indiscriminate action

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