The unexpected fall in inflation pushed the real interest rate to 10.1 per cent, creating ample room for the State Bank of Pakistan (SBP) to introduce a significant cut in its policy rate, which would be the fifth consecutive decline since June. The real interest rate is the difference between the nominal policy rate and inflation. It’s the actual return on a loan or bond. The central bank h
State Bank of Pakistan (SBP) Governor Jameel Ahmad has advised financial institutions to continue striving for excellence and collaborate for fostering a more inclusive, dynamic and future-ready financial ecosystem. He emphasised that banks should contribute to the betterment of Pakistan's economy and people. He was addressing the financial sector fraternity at the 9th Pakistan Banking Awards 2
Punjab Board of Investment and Trade (PBIT) Chairman Muntaha Ashraf has said that the board is introducing well-prepared and tangible projects to attract investors. Speaking at a meeting with members of the Lahore Chamber of Commerce and Industry (LCCI), he stressed that instead of mere documentation, the PBIT was committed to developing solid, investment-ready projects to facilitate potential
Pakistan's economic struggles have deepened as the IMF's stringent stabilisation measures, including subsidy cuts and higher taxes, have choked economic growth, stifled job creation, and fuelled unemployment, especially among the youth. However, as misfortunes never come alone, Pakistani workers now face another challenge due to the rejection of their visa applications in Gulf countries, partic
Economic policy is about choices and the right policy choices make the difference. Pakistan, unfortunately, for the last four decades has been making the wrong ones. No wonder, we are in a 24th IMF programme, unable to get ourselves out of this vicious cycle of slow growth, higher taxes, unsustainable budget deficits, excessive debt burden and a never-ending balance of payments crisis. Our m