Inflation

LAHORE: The caretaker governments of Punjab and Khyber-Pakhtunkhwa (K-P) are heading towards a possible financial shutdown, as the period of one-time authorisation of the expenditure for four months will come to an end later this month.…

ISLAMABAD: A senior official from the finance ministry claimed, on Wednesday, that a 1% increase in the interest rate adds a whopping Rs600 billion in annual debt servicing costs. If accurate, this figure could have a significant impact on…

ISLAMABAD/ LAHORE: In line with the orders of the Ministry of Energy, an operation against power pilferers has kicked off wherein cases have been registered in Lahore, Faisalabad, Gujranwala and Multan against former members of the…

ISLAMABAD: The International Monetary Fund (IMF) has granted Pakistan permission to extend the payment of electricity bills for consumers using up to 200 units over three months. In exchange, Pakistan has to announce an increase in gas…

KARACHI: Pakistan’s monthly inflation reading – the increase in price of major commodities and services grouped in consumer price index (CPI) – has surged to 28.3% in July, which is significantly higher than market expectations of 26%. The…

ISLAMABAD: The government on Wednesday said the pace of inflation would slow down to 27% this month but linked achieving the new fiscal year’s targeted growth of 3.5% with political and economic certainty. The inflation for the month of…

KARACHI: Pakistan’s Consumer Price Index (CPI) inflation growth rate is anticipated to slow down modestly on a year-on-year (YoY) basis, reaching a low recorded in December 2022. A report by research house AHL suggests that at the start…

ISLAMABAD: The government may set targets of economic growth at 3.5% and inflation at biting 20% for the next fiscal year -which appear realistic but still face risks of slippages due to political instability and weaknesses of institutions…

KARACHI: It would not be amiss to label this Ramazan as the costliest one in the past few decades, as unprecedented levels of inflation have decimated the purchasing power of the people, who are turning towards free meal centres or…

KARACHI: As usual, Eid shopping has started in the metropolitan city as markets and shopping plazas begin to witness an unusual rush. However, this time the neck-breaking inflation has been weighing down on shoppers, making it hard for the…