The interest rate hike will cost heavily to the government as it will have to re-price the Rs5 trillion maturity of treasury bills and Pakistan Investment Bonds (PIBs) in the next three months. The State Bank of Pakistan (SBP) has increased its policy rate by 100 basis points to 16 per cent to tame inflation but the other aspects of higher interest rates were not considered for serious thought.
The Election Commission of Pakistan (ECP) has sought Rs47.42 billion from the government in order to make preparations for next year’s general election. However, the Ministry of Finance is apparently in a difficult position to earmark a major supplementary grant at least during the current quarter of the fiscal year in view of engagements with the International Monetary Fund (IMF) as it is grap
‘Apartmentarianism’ is the philosophy of real estate investors that is bolstered by the fact that 73 per cent of the apartment owners in Pakistan are not apartment dwellers. Around 75pc of apartment residents live in rental flats because of their low buying power. However, in reality, apartment living is not yet in vogue. The real asset is a high return on investment for developers backed by their
Pakistan’s central bank is scheduled to meet on Friday (today) to, review developments in the domestic and global economy and, announce its key policy rate to maintain a balance between economic growth and inflation readings. Going forward, financial experts and market surveys strongly anticipate that the rate will remain unchanged at the current level of 15%. Speaking to the Express Tribune
European Union energy ministers locked horns on Thursday over a proposed gas price cap at 275-euros per megawatt hour (MWh), grappling over its effectiveness at that level and the impact on supplies and incentives to cut consumption. The long-standing disagreements were holding up other policies to alleviate the acute energy crisis, such as the launch of joint EU gas purchases and a quicker per