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November’s CPI inflation increased to 29.2 percent year over year.
November’s CPI inflation increased to 29.2 percent year over year. It was reported that (CPI) expansion expanded to 29.2 percent on a year-on-year premise in November 2023 when contrasted with an increment of 26.8 percent in the earlier month and 23.8 percent in November 2022.
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Pakistan’s Finance Ministry says inflation would remain high in 2023
According to Pakistan’s Finance Ministry, inflation would remain high. It was reported that Citing worldwide experience, Pakistan’s central bank noted in its annual report that nations prioritizing growth over pricing and financial stability are unable to “sustain growth and avoid repeated boom-bust cycles and the financial crisis.” Given that the country’s fiscal deficit increased by…
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Government lowers gasoline costs by Rs. 10 per litre
Government lowers gasoline costs by Rs. 10 per litre. It was reported that the price of gasoline would reduce by Rs 10 per litre, the government stated on Thursday. The new price of gasoline would be Rs214.80 as of Thursday following the announcement by Ishaq Dar, the finance minister. High-Speed Diesel is now available at…
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October $567 million shortfall in Pakistan’s current account
October $567 million shortfall in Pakistan’s current account. It was reported that during the first four months of this fiscal year (FY23), Pakistan’s current account deficit (CAD) decreased by 46.8% as a result of lower import expenses and a slight increase in exports. A $567 million deficit was recorded in just October, which represents a…
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Pakistani business confidence plummets, according to a Poll
Pakistani business confidence plummets, according to a Poll. It was reported that according to a Gallup Pakistan survey performed in the current quarter of 2022, business owners are becoming more gloomy about the state of their enterprises as a result of the political and economic circumstances in the nation. According to the Gallup Business Confidence…
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Pakistan will receive $1.5 billion in funding, by Asian Development Bank.
Pakistan will receive $1.5 billion in funding, by Asian Development Bank. It was reported that on October 21, 2022, the Asian Development Bank (ADB) authorized a US$ 1.5 billion loan to Pakistan to help with social protection, food security, and employment support. Inflation, terrible floods, and messed-up global supply chains have all had an effect…
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WEO October 2022 Economic Outlook Report, “Confronting the Cost of Living Crisis”
WEO October 2022 Economic Outlook Report, “Confronting the Cost of Living Crisis” It was reported that with inflation higher than it has been in several decades, the global economy is slowing down broadly and more sharply than predicted. Russia’s invasion of Ukraine, the rising cost of living, tightening financial conditions in most areas, and the…
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September 2022, the overall inflation rate in Pakistan rises by 23.2%.
It was reported that in September 2022, the overall inflation rate in Pakistan rises by 23.2%. In comparison to the previous month’s increase of 27.3% and September 2021’s increase of 9.0%, Pakistan’s headline inflation based on the Consumer Price Index (CPI) jumped to 23.2% in September 2022. According to information made available by the Pakistan…
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Gains of leading businesses reach Rs. 1 trillion
Gains of leading businesses reach Rs. 1 trillion. It was reported that despite a slowing economy and the implementation of the super tax, the top-performing listed companies on the Pakistan Stock Exchange (PSX) reported total net profit growth of 22% to Rs 1 trillion in the fiscal year that ended on June 30, 2022.
