slashes
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SBP slashes policy rate by 250bps, extending its hawkish monetary stance for 4th time
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[ad_1] The State Bank of Pakistan’s (SBP) old building in Karachi. — AFP/File The State Bank of Pakistan (SBP) on Monday eased its monetary policy for fourth time in a row, lowering the key interest rate by 250 basis points…
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Govt slashes petrol price by Rs2.07 per litre for next fortnight
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[ad_1] People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022. — Reuters ISLAMABAD: The federal government has cut the price of petrol by Rs2.07 for the fifth consecutive fortnight in line with the…
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US Fed slashes rates by 50 basis points in first easing since 2020
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[ad_1] US Federal Reserve Chair Jerome Powell responds to a question from David Rubenstein (not pictured) during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, DC, February 7, 2023. —…
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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…
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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…
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Punjab govt slashes roti price by Rs4 despite nanbais’ concerns
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[ad_1] A representational image. — Geo News/File In a sigh of relief for the people in Punjab amid skyrocketing inflation, Chief Minister Maryam Nawaz on Sunday reduced the price of roti (flat bread made in tandoor) by Rs4 to Rs16…
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Pakistan Railways slashes train fares for Eid holidays
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[ad_1] Passengers wait for the train to travel back home to be with their families ahead of the Eid ul Fitr in Karachi on June 2, 2019. — AFP The Pakistan Railways (PR) on Tuesday announced a 25% reduction in…
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Massive relief: Govt slashes petrol price by Rs40 | The Express Tribune
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[ad_1] The federal government has decreased the price of petrol by Rs40 and high-speed diesel (HSD) by Rs15 in line with fluctuations in global oil prices and appreciation of the rupee against the US dollar. A finance ministry statement said:…
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Govt slashes petrol price by Rs8 per litre
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[ad_1] Motorcyclists can be seen at a petrol pump in Multan, on July 19, 2023. — APP ISLAMABAD: The caretaker government slashed the price of petrol by Rs8 per litre for the next 15 days, providing some relief to the…
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World Bank slashes Pakistan’s GDP forecast
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[ad_1] World Bank Group written on the bank’s building. — AFP/File Tighter financial conditions and limited fiscal space have weakened Pakistan’s growth prospects, the World Bank said, prompting the institution to cut the country’s current-year growth forecast. Compared to its…
