The State Bank of Pakistan (SBP) has announced a 2% reduction in the policy rate, bringing it down to 13%. According to the SBP, inflation in November stood at 4.9% year-on-year, aligning with expectations. However, inflation expectations among consumers and businesses remain mixed. The central bank stated that recent economic data points to improved growth […]
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Over the past two months, the prices of cooking oil and ghee have surged by up to 20%, exacerbating the financial burdens of inflation-hit citizens. In various cities, ghee prices have increased by Rs. 30 to Rs. 120 per kilogram, while cooking oil prices have risen by Rs. 50 to Rs. 150 per liter. Reports […]
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Prime Minister Shehbaz Sharif, addressing the federal cabinet meeting, announced that inflation has reached its lowest level in 70 months, while smuggling to Afghanistan has been completely eradicated due to the army’s effective control. He highlighted that inflation has now dropped to 4.9%, compared to 3.5% during Nawaz Sharif’s tenure in 2018. He expressed hope […]
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The Federal Bureau of Statistics has reported a 0.55% weekly increase in inflation, with an annual rise of 4.16% compared to the previous year. According to the latest weekly report: Prices of 24 essential commodities, including potatoes (1.26%), eggs (5.01%), tomatoes (16.86%), LPG (4.10%), and sugar (1.34%), saw a hike. Conversely, prices of bananas (0.18%), […]
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