The State Bank of Pakistan (SBP) jacked up its policy rate by 16 per cent on Friday, the Express Tribune reported on Friday citing the bank after a meeting of its monetary policy committee (MPC), according to the Express Tribune.
Islamabad [Pakistan], October 22 (ANI): Amid devastating floods and a crumbling economy, Pakistan's annual inflation climbed to 27.13 per cent this week.
Islamabad [Pakistan], October 13 (ANI): Inflation in Pakistan is expected to reach around 20 per cent in FY23, the International Monetary Fund (IMF) stated in its latest report and added that stubborn higher inflation would likely be seen in the south-Asian country, Dawn reported.
Balochistan [Pakistan], October 12 (ANI): Traders' community of Balochistan on Wednesday protested against the rising inflation and warned the government to improve the situation within three days.
Quetta [Pakistan], October 8 (ANI): Amid the flour crisis for over the past three weeks in Pakistan, several pictures, which reportedly have emerged of a government food warehouse located on Band Road in Pishin district in Balochistan, depicting the possible wheat crisis in the country.
Quetta [Pakistan], September 18 (ANI): Amid the ongoing inflation in the country, Balochistan province is facing a flour crisis for over past three weeks, with mill owners blaming the provincial government for failing to procure the required wheat this year, local media reported on Sunday.
Islamabad [Pakistan], September 14 (ANI): Despite support from Saudi Arabia and International Monetary Funds (IMF), Pakistan is on the verge of economic collapse with a lack of funds.
Islamabad [Pakistan], September 9 (ANI): Amid the increasing inflation, the millers in Pakistan have yet again increased the prices of flour by PKR 7 and PKR 10 in fine and super fine flour (maida).
Washington [US], September 3 (ANI): Pakistan's economy is teetering amid record-high inflation and soaring food prices along with high petrol prices can trigger protests across the country, warned the International Monetary Fund (IMF) on Friday.
Karachi [Pakistan], September 3 (ANI): Amid dissatisfaction within the new coalition government of Pakistan led by Shehbaz Sharif, Finance Minister Miftah Ismail has hinted at his early exit, saying that although the coalition government has 13 months, he may not have that much time.