Monetary Policy Committee notes inflation outlook susceptible to multiple risks, meeting revenue surplus targets will be uphill task Core inflation ‘sticking’ around 9.7pc-mark, despite aggressive cuts during 2024; real GDP growth in FY25 to remain in 2.5pc-3.5pc range KARACHI: The interest rate is now at 13 per cent after the central bank slashed it by 200 basis points on Monday — in line wit
The Pakistan Railways (PR) administration on Monday transferred seven officers, including four grade-20 officers. According to notifications, Muhammad Hafeezullah (BS-20) was posted as director general (property & land) at the PR’s headquarters in Lahore after completing the 121st National Management Course. Mr Amjad Iqbal has been relieved of the look-after charge of this post. Rizwanul Haq
Despite a downward interest rate trajectory, the Large-Scale Manufacturing (LSM) sector contracted 0.64 per cent in the first four months of the current fiscal year, data released by the Pakistan Bureau of Statistics showed on Monday. The LSM grew slightly at 0.02pc in October on a year-on-year basis. However, it dipped 2.24pc on a month-on-month basis. Since August, the LSM declined for thr
Finance Minister Muhammad Aurangzeb has said the government is taking measures to ensure the current IMF prgoramme becomes the last bailout. During a wide-ranging discussion on the economy during a visit to the Pakistan Business Council (PBC) on Monday, the finance minister appreciated the sacrifices that the formal sector had to make in the front-loaded tax measures under the IMF programme and
The Public Sector Development Programme (PSDP) expenditure in the first five months of the current fiscal year is struggling at 10.4pc of its Rs1.1 trillion annual allocation as the government keeps a tight lid on disbursements to meet requirements of the International Monetary Fund (IMF) of meeting certain fiscal surplus. The latest data from the Ministry of Planning and Development showed the