THE latest reduction of 200bps in the State Bank’s policy rate appears moderate in the backdrop of calls from business groups for a bigger cut of 3pc to 5pc. With inflation plunging to 4.9pc last month, many expected a more ‘dovish’ monetary policy to bridge the gap between the latest inflation readings and real positive rates. The fall in the three-month benchmark Kibor — a reference interest
THE damage from climate change-induced natural disasters to property, businesses, and critical infrastructure is evident worldwide. However, understanding climate change impacts on the output of economies is vital to developing the resilience of social and economic systems. Certain industries such as agriculture, fisheries, housing and real estate, and tourism are under huge stress due to increasi
The bull run in Pakistan’s capital market is encouraging, but the outlook for critical long-term investments appears less optimistic. For instance, the multi-billion-dollar copper and gold project at Reko Diq in Balochistan’s Chagi district may face delays in materialising, despite the active involvement of Canadian giant Barrick Gold, which holds commanding 50 per cent stake in the venture. Th
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