"Government Announces New Measures to Tackle Inflation and Stabilize Prices"
Government Announces New Measures to Tackle Inflation and Stabilize Prices
Amid ongoing economic challenges, the Government of Pakistan has introduced a comprehensive set of measures aimed at controlling inflation and stabilizing prices. These initiatives are designed to address both immediate concerns and long-term structural issues affecting the economy.
Monetary Policy Adjustments
The State Bank of Pakistan (SBP) has implemented a series of interest rate cuts to stimulate economic activity. The policy rate has been reduced by 1,000 basis points since June 2024, bringing it down from 22% to 12% by January 2025. This aggressive easing is intended to lower borrowing costs for businesses and consumers, thereby encouraging investment and spending.Government Announces New Measures to Tackle Inflation and Stabilize Prices
Amid ongoing economic challenges, the Government of Pakistan has introduced a comprehensive set of measures aimed at controlling inflation and stabilizing prices. These initiatives are designed to address both immediate concerns and long-term structural issues affecting the economy.
Monetary Policy Adjustments
The State Bank of Pakistan (SBP) has implemented a series of interest rate cuts to stimulate economic activity. The policy rate has been reduced by 1,000 basis points since June 2024, bringing it down from 22% to 12% by January 2025. This aggressive easing is intended to lower borrowing costs for businesses and consumers, thereby encouraging investment and spending.