policy
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Sri Lanka’s growth trajectory: some policy lessons | The Express Tribune
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[ad_1] LONDON: Sri Lanka achieved the upper middle-income status from the World Bank in July 2019. It was an excellent achievement for the country. The economy secured a sustainable growth rate of around 5.5% on average from 2003 to 2019. It was expected that in 2034, the country would achieve a higher income status. However,…
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Market watch: Stocks falter on policy rate hike | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed another volatile session on Tuesday, as jittery investors preferred to stay on the sidelines amid a deteriorating political and economic condition in the country. After spending most of the day in the red, the benchmark KSE-100 index recorded a decrease of around 490 points to settle below the…
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SBP further increases policy rate by 150bps to control inflation
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[ad_1] This file photo shows the building of the State Bank of Pakistan. — AFP KARACHI: In a bid to maintain the balance between inflation and economic growth, the State Bank of Pakistan (SBP) on Monday raised the benchmark policy rate by 150 basis points to 13.75% for the next six weeks. More to follow…
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IT export growth needs policy continuity, incentives | The Express Tribune
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[ad_1] KARACHI: Experts believe that the growth in information technology (IT) exports needs the continuity of policy and incentives. Pakistan’s IT exports surged to over $2 billion in the first 10 months of current fiscal year 2021-22 – the highest-ever export number for the said period. According to the State Bank of Pakistan’s (SBP) data,…
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New governor, same ole policy? | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) is due to announce its monetary policy statement (MPS) on May 23, 2022. Various surveys conducted indicate that most market participants expect a 1% or more increase in the policy rate from the current level of 12.25%. These expectations are premised on a number of factors including inflationary…
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Vehicle export begins under new auto policy | The Express Tribune
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[ad_1] KARACHI: An automaker based in Pakistan has begun vehicle export under the new Auto Industry Development and Export Policy (AIDEP 2021-26). It has become the first auto manufacturer in Pakistan that has started exporting under the new policy. As part of the policy, all original equipment manufacturers (OEMs) are required to initiate vehicle exports…
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‘No change in trade policy with India’ | The Express Tribune
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[ad_1] ISLAMABAD: The coalition government on Wednesday clarified that there is no change in Pakistan’s policy on trade with India after the federal cabinet approved the appointment of Trade and Investment Minister in the Pakistani High Commission in New Delhi. The development has triggered speculations that the new government had decided to restore bilateral trade…
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SBP jacks up monetary policy rate to 12.25%
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[ad_1] Building of State Bank of Pakistan. — AFP/File KARACHI: The State Bank of Pakistan (SBP) has set the monetary policy at 12.25%, a statement from the central bank said Thursday, as the country grapples with uncertainty around the outlook for international commodity prices and global financial conditions, which had been exacerbated by the Russia-Ukraine…
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Policy loans adding to country’s debt | The Express Tribune
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[ad_1] BHURBAN: The policy advisory loans given by international creditors are pushing Pakistan further deep into the debt burden, which the government can avoid by relying on its researchers, says a former official of the International Monetary Fund (IMF). Government-owned Pakistan Institute of Development Economics (PIDE) Vice Chancellor Dr Nadeemul Haque said that the advice…
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LPG segment demands targeted policy | The Express Tribune
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[ad_1] LAHORE: Stakeholders from the liquefied petroleum gas (LPG) sector have urged the government to announce a salvage plan in a bid to rescue the domestic LPG industry that is on the verge of collapse. While chairing an urgent meeting on Saturday, Pakistan LPG Marketers Association (PLPGMA) Chairman Farooq Iftikhar requested the government to devise…
