Tag Archives: Economics

The rising cost of electricity for industrial, commercial, and residential consumers is putting increasing pressure on the Pakistani government to take action. A prominent suggestion emerging from public debates is the nationalization of Independent Power Producers (IPPs), a move echoing past socialist policies. Understanding the Current Power Sector Currently, the installed power generation capacity in Pakistan is split equally between …

On Monday, Fitch Ratings upgraded Pakistan’s long-term foreign currency issuer default rating (IDR) from CCC to CCC+. This upgrade reflects an improvement in Pakistan’s external liquidity and funding conditions, buoyed by recent agreements with the International Monetary Fund (IMF). Fitch highlighted the significant progress under the previous IMF arrangement, which helped Pakistan reduce its fiscal deficits and rebuild its foreign …

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 …

Starting August 1, motorists can anticipate a reduction in fuel costs as the prices for petrol and high-speed diesel (HSD) are projected to decrease significantly over the next two weeks. This expected drop comes after two consecutive price hikes and is attributed to a decrease in international market prices and lower import premiums. Recent trends show that the international market …