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INFLATION IN PAKISTAN 2023
Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...- Pakistan's Gen Z taking to investing in stocks in big way, claim stock managersPakistan's Gen Z is driving new accounts on the stock exchange, making up 41% of openings in FY25-26. Despite this surge, overall investmen...
- India, Russia prevented global economy from collapsing: IMEMO chiefRussia and India have forged a new global economic model, preventing global collapse and aiding the Global South with affordable resources....
- Durable US-Iran peace deal to provide predictable environment for trade: CRFA US-Iran peace deal promises greater regional stability. This will benefit Indian exporters with reduced costs for shipping, insurance, an...
- Pakistan budget raises defence spending, squeezes development to meet IMF goalsFinance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting...
- Asia heat waves spell double trouble for economies hit by oilAsia faces a new inflation threat from El Niño as rising temperatures and dry weather are all set to increase food costs. This comes on top...
- Pakistan, ‘strangled’ by economic strain, steps up Iran peace pushPakistan's economy is struggling due to the US-Israel war on Iran. Rising fuel costs and rolling blackouts are devastating businesses. Cons...
- IMF discussing electricity tariffs revisions with PakistanThe IMF is in discussions with Pakistan regarding proposed electricity tariff revisions, emphasizing that the burden should not fall on low...
- India's strike will hit Pak where it hurts the mostIndia has restricted water flow to Pakistan via Chenab river. This follows the suspension of the Indus Water Treaty. Pakistan anticipates a...
- Can Pakistan fight India on borrowed money?India-Pakistan tensions: Following the Pahalgam attack, India is employing economic pressure tactics against Pakistan, including potential ...
- Pakistan central bank cuts key rate by 100 bpsPakistan's central bank has reduced its key policy rate by 100 basis points to 12%. This is the sixth consecutive cut since June aimed at b...
- Pakistan's annual inflation slows down to 4.9% in NovemberPakistan's annual inflation slowed to 4.9% in November, lower than the government's forecast. The finance ministry expected inflation to sl...
- Pakistan inflation slows to 17.3% in April, lowest in nearly 2 yearsPakistan's consumer price inflation decreased to 17.3% in April, the lowest in nearly two years, and below the finance ministry's expectati...
- Cash-starved Pakistan fails to secure LNG supply as no company responds to its tenderPakistan’s inability to buy gas will aggravate energy shortages in the country, increasing the frequency of blackouts and curbing the suppl...
- Pakistan's new budget fail to meet expectations to boost economyThe total expenditure stipulated by the FY 2023-24 budget is PKR 14.46 trillion (USD 50.45 billion), out of which PKR 1.8 trillion has been...
- Pakistan central bank leaves key rate unchanged, signals tightening pausePakistan's central bank has kept the key interest rate at a record-high of 21%, signalling a pause in its tightening cycle as inflation may...
- Pakistan's inflation to rise to 29.5 per cent in FY23: World BankHowever, the World Bank report on the macro poverty outlook for Pakistan said inflation was expected to moderate over the forecast horizon ...
- Pakistan needs to pay USD 77.5 billion in external debt; risk of default 'real', says US think tankPakistan is awaiting a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund, originally due...
- Rs 272 a litre! Pakistan drops petrol bomb on inflation-hit masses after mini-budgetThe price of high-speed diesel has been increased to Rs 280 per litre after a hike of Rs 17.20. Kerosene oil will now be available at Rs 20...
- IMF reaches staff-level agreement to release $1.17 bln in funds for PakistanIn a statement, the IMF said its staff had reached agreement on policies under a review of its Extended Fund Facility (EFF) program that co...
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