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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 falling […]
It’s capitulation, to say the least. The government’s tendency to repeatedly cave in to the IMF’s pressure is now costing it its sovereignty. The decision to accept the Fund’s condition – that no new special economic zones or export processing zones will be established, and tax incentives already availed by the existing zones will not […]