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Pakistan’s weekly inflation rate increased by 0.45%.

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8 months ago

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The SPI in the aforementioned category was 309.91 points for the week under review, compared to 308.52 points for the previous week, based on PBS data.

The SPI for the combined consumption group saw a 21.69 percent increase in the week under review compared to the same week the previous year.

51 basic goods for all expenditure groups and 17 urban centers are covered by the weekly SPI with the base year 2015–16 = 100.

From 298.82 points the previous week, the SPI for the lowest consumption category, up to Rs 17,732, increased by 0.81 percent to 301.25 points.

The SPI climbed by 0.70 percent, 0.56 percent, 0.51 percent, and 0.33 percent, respectively, for the consumption groups of Rs 17,732-22,888, Rs 22,889-29,517, Rs 29,518-44,175 and above Rs 44,175.

Nineteen (37.26%) of the fifty-one items had price increases over the week, fourteen (27.45%) had price decreases, and eighteen (35.29%) had unchanged prices.

A weekly average price drop was seen for the following items: bread (3.02%), garlic (2.00%), petrol (1.74%), pulse masoor (1.43%), diesel (1.42%), rice basmati broken (1.32%), chili powder (1.31%), eggs (0.94%), wheat flour (0.77%), and mustard oil (0.46%).

The commodities that experienced a weekly increase in average prices were onions (33.21%), tomatoes (15.34%), bananas (4.93%), potatoes (2.62%), georgette (1.57%), gur (1.45%), onions (33.21%), lawn (0.66%), cigarettes (0.41%), and energy saver (0.38%).

Chicken (29.00%), wheat flour (28.35%), bananas (25.69%), cooking oil (5 liters; 17.05%), vegetable ghee 2.5 kg (15.12%), vegetable ghee 1 kg (14.19%), mustard oil (9.73%), eggs (8.73%), and lpg (5.47%) were among the items that lost value year over year.

The following commodities saw an increase in average price year over year: gas for Q1 (570.00%), onions (100.37%), garlic (43.40%), chili powder (57.89%), tomatoes (36.23%), salt powder (31.30%), shirting (30.52%), men’s sandals (25.01%), pulse mash (25.00%), beef (21.86%), energy saver (20.53%), and sugar (19.85%).

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Robust activity lets PSX climb above 115,000 level again.

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2 days ago

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On Friday, the Pakistan Stock Exchange (PSX) resumed its upward trend, crossing 115,000 points once more.

The PSX had strong action in the morning session, as the KSE-100 index increased by 1,000 points to 115,138.

The notoriously volatile PSX closed Thursday at 114,037 points, up 594 points.

DOLLAR DEPRECIES

Meanwhile, in the interbank market this morning, the US dollar fell 7 paisas to Rs278.65 against the Pakistani rupee.

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SBP will announce monetary policy on January 27.

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The State Bank of Pakistan (SBP) will release its monetary policy on Monday.

The Monetary Policy Committee (MPC) of the SBP will convene on the first day of the following week to make decisions on monetary policy.

The Monetary Policy decision will be announced by Governor SBP Jameel Ahmad at a news conference on the same day after the MPC meeting, according to an official release.

In December, the central bank reduced policy rates by 200 basis points (bps) to 13 percent.

“In November 2024, headline inflation fell to 4.9 percent year on year, meeting the MPC’s estimates. This decrease was mostly caused by the ongoing decline in food inflation and the phasing out of the impact of the gas tariff increase in November 2023,” SBP stated in an official release.

“However, the Committee noted that core inflation, at 9.7 percent, is proving to be sticky, while consumer and business inflation expectations remain volatile.” To that end, the Committee restated its previous assessment that inflation may remain volatile in the short term before stabilizing within the target range.

“At the same time, growth prospects have slightly improved, as evidenced by a recent increase in high-frequency indicators of economic activity.” Overall, the Committee concluded that its approach of gradual policy rate decreases is keeping inflationary and external account pressures under control while promoting long-term economic growth.

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Finance Minister Meets With World Leaders at World Economic Forum in Davos

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3 days ago

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During his attendance at the World Economic Forum in Davos, Switzerland, Finance Minister Muhammad Aurangzeb has met with officials of organisations and leaders of many nations.
Bangladesh’s Chief Advisor, Muhammad Younas, met with Mohammad Aurangzeb.
On the fringes of the World Economic Forum’s Annual Meeting 2025 Opening Banquet, there was an informal meeting.
Additionally, the Finance Minister met with Anwar Ibrahim, the Prime Minister of Malaysia.
Both leaders discussed economic cooperation and bilateral ties.
Muhammad Aurangzeb also had a meeting with Dp World’s Rizwan Soomro and Yuvraj Narayan.
They talked about how to strengthen Pakistan’s logistics and infrastructure systems to support trade.
“The Pakistani government is committed to advancing joint projects and values partnerships in both business-to-business and business-to-government cooperation,” the finance minister added.

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