Tag Archives: Economic Growth

On Wednesday, Jameel Ahmad, the Governor of Pakistan’s central bank, addressed the National Assembly Standing Committee on Finance, providing a mixed outlook for the country’s economy. Ahmad projected that inflation might surge in the coming months due to recent budgetary measures, rising energy prices, and ongoing geopolitical tensions in the Middle East. Despite these challenges, he assured that the foreign …

Mohammad Younas Dagha, Chairman of the Policy Research and Advisory Council (PRAC), has called on the State Bank of Pakistan (SBP) to reduce its policy rate from 19.5% to 17.5%. This proposed adjustment aims to keep the real interest rate positive, aligning with the International Monetary Fund’s (IMF) requirements and fostering economic growth. In a press release issued by PRAC, …

Federal Finance Minister Mohammad Aurangzeb recently suggested that there may be opportunities for further reductions in interest rates. Speaking at an event hosted by the Karachi Chamber of Commerce, Aurangzeb emphasized the crucial role of effective macroeconomic governance in fostering economic growth. He noted that structural issues in the economy often lead to balance of payment problems, particularly as growth …

The State Bank of Pakistan (SBP) has announced a one percentage point reduction in its key interest rate, bringing it down to 19.5%. This decision was revealed by SBP Governor Jameel Ahmad during a media briefing following the recent monetary policy meeting. Ahmad attributed the rate cut to a gradual decrease in inflation and signs of economic recovery. The monetary …

In a recent report by the Asian Development Bank (ADB), Pakistan’s economic outlook appears increasingly challenging as it stands out as an outlier in Asia. The report predicts that Pakistan will experience the highest inflation rate while having the fourth lowest economic growth rate among all 46 economies in the region. The Asia Development Outlook, the flagship publication of ADB, …