The International Monetary Fund’s Executive Board has approved the disbursement of the latest tranche under Pakistan’s 37-month Extended Fund Facility, releasing funds after concluding a review mission that assessed the country’s progress on fiscal, energy and tax reform benchmarks. The approval brings total disbursements under the programme to well over half of its total value...
Tag: Pakistan economy
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SBP Cuts Policy Rate to 9 Percent as Inflation Eases Further, Signals Room for More Easing
The State Bank of Pakistan’s Monetary Policy Committee has trimmed the benchmark interest rate by 50 basis points to 9 percent, extending an easing cycle that has now brought borrowing costs down from the 22 percent peak reached during the height of the country’s inflation crisis. The central bank cited a sustained decline in headline...
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Pakistan’s Neutrality in the Iran War Is Costing More Than It Buys
Since the war began on 28 February with the joint American and Israeli strikes that killed Iran’s supreme leader, Pakistan’s position has not moved an inch on paper. The Foreign Office has condemned the strikes on Iran. It has condemned Iran’s retaliatory strikes on the Gulf states. It has repeated, briefing after briefing, that there...
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Gold Prices Rise in Pakistan Amid Global Uncertainty
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