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The State Bank of Pakistan on Friday said remittances from overseas Pakistanis recorded inflows of $3.1 billion in December which Prime Minister Shehbaz Sharif hailed as a “record increase”. A statement issued today said the growth in workers’ remittances was 29.3 per cent compared to the same month last year and a 5.6pc increase in…
The easing of inflation alongside favorable real interest rates presents an opportunity for Pakistan’s central bank to possibly pursue further monetary easing; however, this decision will depend on a variety of interconnected factors. A decrease in inflation alleviates the cost of living and enhances economic stability, thereby allowing the State Bank of Pakistan (SBP) to…
The stock market continued its ascent to cross 106,000 points mark on Thursday, driven by growing anticipation of a substantial interest rate cut in the State Bank of Pakistan’s (SBP) upcoming monetary policy meeting on December 16, record-low inflation and strengthening economic indicators. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index hit a new intra-day…
