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Inflation, policy rate expected to fall further in coming months: Aurangzeb
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[ad_1] Federal Finance Minister Senator Muhammad Aurangzeb addressing a press conference. — APP/File In light of the government’s recent economic achievements, Finance Minister Muhammad Aurangzeb on Tuesday hinted at further drop in the consumer price inflation and State Bank of Pakistan’s (SBP) key policy rate in the coming months. “The government has strived hard to…
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State Bank makes major reduction in interest rate by 200bps to 17.5%
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[ad_1] State Bank of Pakistan building in this undated image. — AFP The Monetary Policy Committee (MPC) decided a significant reduction in the policy rate by 200bps to 17.5% from the existing 19.5%, the State Bank of Pakistan (SBP) announced on Thursday, following the sharp decline in inflation over the past two months. The new…
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State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to…
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Gold rate continue to climb locally despite global market decline | The Express Tribune
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[ad_1] Listen to article Gold prices in Pakistan have continued their upward trend, even as global rates have seen a decline for the second consecutive day. On Friday, the price of 24-carat gold in Pakistan increased by Rs200 per tola, pushing the new rate to Rs262,000. The price of 10 grams of gold also saw a rise…
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Analysts urge interest rate cuts, PPP reviews | The Express Tribune
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[ad_1] KARACHI: Economic analysts and industrialists are advocating for a reduction in interest rates and a review of public-private partnerships (PPP) to bolster Pakistan’s economy and industrial growth. They argue that aggressive interest rate cuts could stimulate economic growth, encourage investment, and ease financial pressures on businesses and consumers. Ismail Suttar, President of the Hub…
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Finance Minister Aurangzeb hints at more interest rate cuts | The Express Tribune
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[ad_1] Listen to article Federal Finance Minister Mohammad Aurangzeb has indicated that there is room for further cuts in interest rates. Speaking at the Karachi Chamber of Commerce, Aurangzeb stressed the importance of macroeconomic governance for economic growth, noting that structural issues in the economy often lead to balance of payment problems when growth increases. Aurangzeb highlighted…
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SBP slashes policy rate to 19.5% as inflationary pressures ease
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[ad_1] SBP Governor Jameel Ahmad addressing a press conference in Karachi on July 29, 2024. — Screengrab via Geo News The State Bank of Pakistan (SBP) on Monday cut the interest rate from 20.5% to 19.5%, marking the second consecutive reduction, in response to easing inflation and market expectations. Addressing a press conference after Monetary…
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SBP cuts interest rate by 100 bps to 19.5% | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) on Monday announced a one per cent reduction in the interest rate, bringing it down to 19.5 per cent. This was revealed by SBP Governor Jameel Ahmad during a media briefing following the monetary policy meeting. Ahmad stated that inflation is gradually decreasing, and the country’s economy is…
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Privatisation, rate cut expectations propel KSE-100 beyond 80,000 Points
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[ad_1] A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building in Karachi. — PPI/Files KARACHI: Stocks on Wednesday soared past the 80,000 mark, buoyed by the heightened investor interest in state-owned enterprises (SOEs) and hopes of a rate cut. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 gained 739.71 points or 0.93%…
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Reduction in tax rate for salaried individuals proposed | The Express Tribune
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[ad_1] The Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, has approved a 75% withholding tax on phone and internet services for non-filers while proposing a reduction in the tax rate for salaried individuals. The committee, during its meeting, approved the tax on non-filers’ phone and internet services. However, it rejected the proposal…
