Unveiling the soul of Pakistan's metropolis.
Karachi Matters
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Unveiling the soul of Pakistan's metropolis.
Karachi Matters
The State Bank has announced a 2% cut in the interest rate.
The country’s central bank has announced a reduction in the interest rate.
The interest rate has been reduced by 200 basis points.
The policy rate has been lowered from 19.5% to 17.5%.
This decision was made after a rapid decline in the inflation rate over the past two months.
Foreign exchange reserves stand at $9.5 billion.
It is worth noting that the business community had demanded a reduction in the interest rate by 3 to
Karachi Matters EditorAccording to the World Bank, 44.7% of Pakistan’s population now lives below the poverty line, up from 39.8% previously. The poverty threshold for lower-middle-income countries has been revised from $3.65…
Karachi Matters EditorThe government has warned that inflation could rise to 7.5% in the next financial year (2025–26), compared to 5% this year. This increase is expected due to relaxed import restrictions…
