Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall to around 17% YoY in April

Imports from China soar by 74% YoY in Oct’21

November 22, 2021 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports as the country imported products worth $1.39 billion during Oct’21, up by 74% YoY from $800.56 million

Rates on saving accounts to increase by 1.5%: SBP

November 22, 2021 (MLN): After the policy rate hike of 150bps to 8.75% by the State Bank of Pakistan (SBP), the profit rate on bank customers’ saving account as per central bank regulation,

Power generation jumps by 10.3% YoY in Oct’21

November 22, 2021 (MLN): Power generation increased by 10.3% YoY to 11,296 GWh (15,183 MW) during Oct’2021 compared to 10,243 GWh (13,767 MW) in Oct’20, backed by the higher generation from nuclear, Furnace

SBP clarifies ambiguities over inflation forecast

November 22, 2021 (MLN): The State Bank of Pakistan (SBP) has negated some sections of the media wherein SBP’s average inflation forecast of 7-9% in FY22 is being interpreted as the “inflation target”

Pakistan, IMF reach agreement to release around $1.059bn

November 22, 2021 (MLN): Finally, Pakistan and International Monetary Fund (IMF) authorities have reached a staff-level agreement on policies and reforms needed to complete the sixth review under the Extended Fund Facility (EFF),

Weekly News Roundup

November 21, 2021 (MLN): The highlights of the important economic and business events that took place during the last week are in order so as to become acquainted with the recent developments in

Weekly Economic Roundup

November 21, 2021 (MLN): The weekly economic roundup summarizes the country's key economic and financial data for the week from various sectors to keep an eye on next week's trends. The Monetary Policy

Weekly SPI increases by 1.07%

November 19, 2021 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group increased by 1.07% WoW during the week ended Nov 18, 2021, data released by the Pakistan Bureau of Statistics

SBP increases MPC meetings from 6 to 8 times a year

November 19, 2021: In continuation of efforts to make the process of monetary policy formulation more predictable and transparent in line with international best practices, the State Bank of Pakistan (SBP) has decided

SBP raises policy rate by 150 bps to 8.75 percent

November 19, 2021( MLN): The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting held on November 19, 2021, in Karachi, has decided to raise the Policy Rate by

FM vows to further deepen partnership with EU

May 27, 2021: Foreign Minister Shah Mahmood Qureshi has reaffirmed Pakistan's commitment to further deepen partnership with the European Union. Addressing virtually the European Parliament's Foreign Affairs Committee on Wednesday, he said Pakistan considers the

ECNEC approves projects worth billions of rupees

May 27, 2021: The Executive Committee of the National Economic Council has approved various energy, infrastructure, irrigation, and health projects at a cost of billions of rupees. The ECNEC, which met in Islamabad on Wednesday

Can GDP FY21 surprise even more?

May 26, 2021 (MLN): A surprise to many — despite epidemiologic resurgence, Pakistan’s economy registered a V-shape recovery as GDP growth rate for FY21 is estimated at 3.94% after a 0.47% contraction in a previous

Federal cabinet approves special CPEC Business visa

May 26, 2021: Federal Cabinet has given approval to a special CPEC Business visa to facilitate Chinese investment in the country. Briefing media persons about the decisions taken in the cabinet meeting held in Islamabad