Pakistan's central bank has maintained its current monetary policy stance to ensure inflation remains on a downward trajectory. The bank has cut its key policy rate by 150 basis points to 20.50%, citing temporary sharp reductions in wheat prices. The real GDP growth in FY24 stood at 2.4%, with the government seeking an extended fund facility program from the IMF. Future monetary policy decisions will be data-driven and responsive to evolving developments related to the inflation outlook.
⚠️ PAKISTAN FINANCE MINISTER: POWER DISTRIBUTION COMPANIES WILL BE PRIVATIZED, CANNOT REMAIN PUBLIC
⚠️ PAKISTAN FINANCE MINISTER: MAY WILL BE ANOTHER MONTH SHOWING CURRENT ACCOUNT SURPLUS
⚠️ PAKISTAN FINANCE MINISTER: REVENUE COLLECTION HAS INCREASED BY 30%, IS UNPRECEDENTED
⚠️ PAKISTAN ECON SURVEY: PROLONGED INFLATIONARY IMPACT GRADUALLY FADING IN FY24
⚠️ PAKISTAN ECON SURVEY: TOTAL REVENUE AT 9.78 TRLN RUPEES IN JULY-MARCH FY24
⚠️ PAKISTAN ECON SURVEY: TOTAL PUBLIC DEBT AT END MARCH FY24 AT 67.53 TRLN RUPEES
⚠️ PAKISTAN ECON SURVEY: FISCAL DEFICIT AT 4.5% OF GDP IN JULY-APRIL FY24
⚠️ PAKISTAN ECON SURVEY: CURRENT ACCOUNT DEFICIT $0.2 BLN IN JULY-APRIL FY24
⚠️ PAKISTAN ECON SURVEY: REAL GDP GROWTH SEEN AT 2.4% IN FY24
Pakistan Budget 2024: Check date - Reeling under economic crisis, will expectations become reality? https://t.co/4XwchIxTcZ
⚠️ BOK MINUTES: ONE MEMBER SAID SHOULD CONSIDER CHANGES IN EXTERNAL VARIABLES, INFLATION TRENDS, BALANCE BETWEEN DOMESTIC DEMAND AND EXPORTS GOING FORWARD
⚠️ BOK MINUTES: **ONE MEMBER SAID DESIRABLE TO KEEP BASE RATE AT CURRENT LEVEL UNTIL THERE WAS CONFIDENCE INFLATION WOULD ANCHOR AT TARGET LEVEL **ONE MEMBER SAID FURTHER OBSERVATION NEEDED TO BE CONFIDENT ABOUT INFLATION RETURNING TO TARGET
⚠️ BOK MINUTES: ONE MEMBER SAID WHEN TO PIVOT MONETARY POLICY SHOULD BE DETERMINED BY COMPREHENSIVELY EXAMINING EXTERNAL CONDITIONS, INFLATION, AND BURDENS ON ECONOMIC AGENTS
⚠️ THAI DEPUTY FINMIN: **RATES TOO HIGH **WANTS TO SEE RATE CUT ON WEDNESDAY
⚠️ THAI DEPUTY FINMIN: INTEREST RATES MUST BE APPROPRIATE FOR ECONOMY
Pakistan all set to present budget on June 12 #ARYNews https://t.co/4Dx01DAR8J
Another Central Bank Cuts Key Rate This time it is the central bank of Pakistan which lowered its key policy rate by 150bps to 20.5% in its June 10th 2024 meeting. The first reduction in borrowing costs since mid-2020, and compared to market forecasts of a smaller 100bps cut. https://t.co/8Uv8mgNeXM
Budget 2024: Pakistan to ‘increase’ funds for industrial development #ARYNews https://t.co/jDuSrKRL17
⚠️ PAKISTAN CENBANK: SHARP WHEAT PRICE REDUCTIONS HAVE HISTORICALLY PROVED TO BE TEMPORARY
⚠️ PAKISTAN CENBANK: CURRENT MONETARY POLICY STANCE REMAINS APPROPRIATE TO ENSURE INFLATION STAYS ON DOWNWARD TRAJECTORY.
⚠️ PAKISTAN CENBANK: **REAL GDP GROWTH REMAINED MODERATE AT 2.4% IN FY24 **GOVERNMENT HAS APPROACHED THE IMF FOR AN EXTENDED FUND FACILITY PROGRAM **FUTURE MONETARY POLICY DECISIONS WILL REMAIN DATA-DRIVEN **FUTURE POLICY TO REMAIN RESPONSIVE TO EVOLVING DEVELOPMENTS RELATED…
⚠️PAKISTAN CENBANK: **SOME UPSIDE RISKS TO NEAR-TERM INFLATION OUTLOOK **REAL INTEREST RATE STILL REMAINS SIGNIFICANTLY POSITIVE **FUTURE MONETARY POLICY DECISIONS WILL REMAIN DATA-DRIVEN AND RESPONSIVE TO EVOLVING DEVELOPMENTS RELATED TO THE INFLATION OUTLOOK **SEES Q3 REAL…
⚠️PAKISTAN CENTRAL BANK CUTS KEY POLICY RATE BY 150 BPS - STATEMENT
⚠️ PAKISTAN CENBANK CUTS KEY POLICY RATE BY 150 BPS TO 20.50% -STATEMENT