Tag Archives: inflation

ISLAMABAD: While painting an otherwise rosy economic picture at the fag-end of its rule, the caretaker government on Wednesday conceded the persisting inflationary trends and rising pressures on current expenditure mainly due to the policies of the government and the State Bank of Pakistan, respectively, continue to remain critical challenges, needing prudent policies of the next government to strengthen economic …

ISLAMABAD: The Ministry of Finance (MoF) has highlighted policy implementation, higher sovereign guarantees and poor performance of state-owned entities (SOEs) as potential risks and uncertainties that could impact the country’s fiscal outlook while record inflation rates posed heightened risks to the country’s external stability. In its latest Fiscal Risk Statement (FRS) 2023-24, the ministry has noted that federal government exposure to SOEs, …

ISLAMABAD: The coalition government has identified key risks to the next year’s budget and the medium-term macroeconomic outlook, including the current financial and operational performance of state-owned enterprises (SOEs), rising public debt, movement of interest and exchange rates by the State Bank of Pakistan, and climate change. In an integrity statement submitted to parliament required under the Public Finance Management …

HYDERABAD: Under­privileged citizens are bra­ced for another tough mon­th when it comes to buying flour, as owners of both mills and community-level grinding units (chakkis) say they may not be able to meet consumers’ demand. Besides, chakki owners have another axe to grind: they complain that millers are getting more wheat from the government’s stocks even though it was they, …

The International Monetary Fund (IMF) has said that high inflation and tighter global financial conditions would continue to weigh on Pakistan’s economy, pressuring its exchange rate and external stability. The observations were part of the Fund’s country report released on Thursday. It said the average Consumer Price Index (CPI) inflation was expected to surge to 20 per cent in the current financial …

TEHRAN: Outside his butchery in the south of Iran’s capital, Ali cuts up a sheep carcass for customers who, like him, have seen inflation and subsidy reform devour their purchasing power. “My sales have fallen significantly — almost by half,” Ali, 50, said. “What can I say? I am a butcher and you may not believe me, but sometimes I …

HOUSTON, Texas (KTRK) — Dr. Joyce Beebe, a fellow in public finance at Rice University’s Baker Institute, says the concept behind inflation can be easily simplified. “If (a child) realizes what you can buy with your $10 allowance this week, it is no longer the same as what you could buy last month,” said Beebe. Money doesn’t go as far as …

ISLAMABAD: Prime Minister Imran Khan setting aside the protocol on Sunday drove to G-11 Markaz and some other areas of the federal capital where he interacted with cart owners before presiding over a meeting on the next annual budget and national economy. The prime minister said the government should prepare a development-oriented budget for the year 2021-22 in which improving …