Punjab Governor Chaudhry Muhammad Sarwar, a self-made entrepreneur and a former British politician-elected for three consecutive terms as an MP in the UK Parliament till his retirement in 2010, has an inspiring journey in Pakistan’s politics which reflects selfless contribution, passion and indomitable will. Governor Sawar, who gave up his British citizenship to take up […]
Experts welcome SBP’s monetary policy decision, but piqued over volatile inflation out-turn
Economists and stock market experts have welcomed State Bank of Pakistan’s (SBP) decision to keep the benchmark interest rate unchanged at 7 percent for the fourth consecutive time, while viewing growth as well-anchored, but warned of inflationary pressure which could upend the central bank’s projections. SBP’s Monetary Policy Committee (MPC) on Friday decided to maintain […]
SBP keeps benchmark interest rate unchanged at 7% for fourth time
The State Bank of Pakistan (SBP) on Friday kept the benchmark interest rate unchanged at 7% for the fourth time, while viewing growth and inflation expectations as well-anchored although, it said, Covid-19 still poses challenges to the economic outlook. A meeting of the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7% […]
SBP likely to keep status quo on policy rate
State Bank of Pakistan (SBP) is likely to keep policy rate on hold in the upcoming Monetary Policy meeting scheduled to be held on 19th March 2021, for deliberation on monetary policy for next two months. In the previous policy announced in January the committee kept the policy rate unchanged at 7 percent. Many analysts […]
Stock Market Tragedy – When Investors lost over Rs 618 billion to political madness around Senate Polls
Pakistan Stock exchange (PSX) was devoured in the political madness that was witnessed around Senate polls, which resulted in a loss of over Rs.618 billion to the public, after benchmark kse-100 index crashed nearly 3,351 points from March 4th to March 11th, 2021. The tragedy began, when the investors lost Rs.184 billion on the day, […]
PTI questions Chief election commissioner’s partiality
Top leaders of the ruling Pakistan Tehreek-i-Insaf have raised questions about impartiality and partisanship of Chief Election Commissioner (CEC) Sikandar Sultan Raja. The reservations from the members of the ruling party came after the failure of Election Commission of Pakistan (ECP) to hold free and fair elections in the senate. Taking to twitter, Federal minister […]
$50,000 Bitcoin and the New World Order
Bitcoin’s meteoric rise to $50,000 in the third week of February was yet another milestone achieved by the digital currency. But, as digital-coin holders and enthusiasts celebrate their gains,this phenomenon has sent political scientists wondering; if the rise of the nascent asset class has accelerated geo-political changes: melt down of existing world order. The year […]
India — a spectacle of ‘Flawed Democracy’ and a graveyard for dissent
Ever since its Independence, India has struggled to keep the bickering union intact- mostly through brutal force and occupation, but while it still claims to be the most populace democracy in the world, data suggests, that the once shining India is becoming a graveyard for dissent and a poster child of “Flawed Democracy” In a […]
Pakistan’s new start with Biden administration hits a first stone
Democratic Presidential Candidate Joe Biden Speaks On His “Build Back Better” Clean Energy Economic PlanEngaging with the new US administrations by the authorities in Pakistan, has always been a daunting task, as every new American president brings along a new set of wish-list for its long term ally in South Asia. While, the diplomatic circles […]
SBP keeps policy rate unchanged at 7 percent
The central bank kept the benchmark interest rate unchanged at 7 percent on Friday, while viewing growth and inflation expectations as well-anchored, although it said Covid-19 was still posing challenges to the economic outlook. “At its meeting on January 22, 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. […]