Islamabad: Pakistan’s Inflation Rate in November 2024, measured by the Consumer Price Index (CPI), dropped to 4.9%, marking the lowest level in six and a half years, according to the Pakistan Bureau of Statistics (PBS). This notable decrease brings relief to consumers and is a positive indicator for the country’s economy, which has been grappling…
Karachi: With the launch of the country’s first locally assembled electric SUV, the Seres 3 by Regal Automobiles Industries Limited, Pakistan’s automotive industry reached a historic milestone. The unveiling ceremony, held at Regal Automobiles state-of-the-art manufacturing facility, marked a significant step forward in the nation’s shift toward sustainable transportation. Key Features of Regel Automobiles SUV…
The financial institutions and rating agencies of the world have praised the Pakistan’s inflation control and economic stability. Pakistan and Turkey have also been grappling with major economic problems related to inflation and interest rates in the last two years. This Note compares the paths forward for inflation, monetary policy, and overall economic performance between…
The federal government recently launched the “Bijli Sahulat Package” for the winter season, a move designed to address Pakistan’s seasonal electricity demand shifts while providing financial relief to consumers. Running from December 2024 through February 2025, this initiative sets a flat rate of Rs26.07 per unit for electricity consumption above individual historical benchmarks. This rate…
The State Bank of Pakistan (SBP) announced that inflows through RDA – Roshan Digital Account surpasses $9 billion, marking a significant milestone in the country’s financial sector. This achievement underscores the trust and confidence that overseas Pakistanis have placed in the RDA initiative. Roshan Digital Account Surpasses $9 Billion Launched in September 2020, the RDA…
As the global trend toward electric vehicles (EVs) gains momentum, Pakistan’s Locally Produced Electric Cars are helping it emerge as a competitive player in the EV sector. With its latest locally assembled models ready to hit the market, Pakistan’s automotive landscape is on the brink of transformation, paving the way for a sustainable, cost-effective alternative…
Karachi: Silkbank Limited (PSX: SILK) has taken a significant step towards a potential merger of SilkBank with UBL – United Bank Limited (PSX: UBL), one of Pakistan’s largest commercial banks. In a meeting held on November 6, 2024, Silkbank’s Board of Directors granted in-principle approval for the merger under a scheme of arrangement, which will…
Islamabad: Pakistan is preparing to announce a major new Electric Vehicle Policy on November 30, 2024, as part of its commitment to advancing eco-friendly transportation and reducing the nation’s carbon footprint. This policy, which builds upon previous EV initiatives, targets the establishment of 10,000 EV charging stations across the country by 2030, significantly boosting Pakistan’s…
Islamabad, November 4, 2024—The SBP slashes interest rate by 2.5%, equivalent to a 250-basis-point reduction in the benchmark rate bringing it down to 15%. This significant rate cut announced during today’s Monetary Policy Committee (MPC) meeting, aims to stimulate economic activity by making borrowing more affordable for businesses and households. This brings the interest rate down, marking…
KARACHI – Maersk Pakistan, Denmark’s global shipping giant Maersk Line, is making waves in the country’s maritime sector with a transformative $2 billion investment. Expected to be finalized on November 12, 2024, during a high-level meeting with the Danish Foreign Minister, this investment underscores Maersk Pakistan’s commitment to elevating the country’s port and transport infrastructure….
End of content
End of content
