Haifa Alshammari

2 weeks ago | arab.news | Nadin Hassan |Haifa Alshammari |Nour El-Shaeri |Ismail Dilawar

KARACHI: The International Monetary Fund’s (IMF) Executive Board will meet on May 9 to review its staff-level agreement with Pakistan for an ongoing $7bn bailout program and a new climate resilience loan scheme with Islamabad, the global lender said on its website recently.

2 weeks ago | arab.news | Haifa Alshammari |Nour El-Shaeri |Nadin Hassan |Mohammed Al-Kinani

ISLAMABAD: Pakistan’s average inflation is expected to remain in the 5.5-7.5% range in the fiscal year ending June 2025, the country’s central bank said in its half-yearly economic report this week, stating that its real GDP growth is expected to hover between 2.5-3.5%. Pakistan’s economy has improved in recent months, supported by declining inflation, which caused the central bank to reduce its policy rate to 12% after a series of cuts totaling 1,000 basis points since June 2024.