At emergency meeting, SBP raises policy rate by 250 basis points to 12.25%

[Zibago]

At emergency meeting, SBP raises policy rate by 250 basis points to 12.25%​

BR Web Desk 07 Apr, 2022

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At an emergency meeting, the Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to raise the policy rate by 250 basis points to 12.25 percent.
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At emergency meeting, SBP raises policy rate by 250 basis points to 12.25%

At an emergency meeting, the Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to raise the...

www.brecorder.com

 

[hydrabadi_arab]

Good, its emergency like situation with no government. More

More measures in near future.

https://twitter.com/x/status/1512032713770950657

TBF someone just need to increase petrol price quickly. To Rs180 at least. Cannot wait till June.

 

[Wood]

This will slow the economic growth. Maybe the required action in the present situation, but not something that I'd call a desirable situation

 

[maithil]

Too little too late ? T-bills crossed 13% yesterday. Should not at least match that ?

 

[Zibago]

Too little too late ? T-bills crossed 13% yesterday. Should not at least match that ?

There will be an absolute bloodbath in coming weeks as what remains of our reserves gets wasted by a weak coalition of opposition

Pakistan may face what Turkey did but without a government to make correct measures

This will slow the economic growth. Maybe the required action in the present situation, but not something that I'd call a desirable situation

Cut public spending, raise taxes, cut subsidies, raise exports

 

[satyamev]

Good, its emergency like situation with no government. More

More measures in near future.

https://twitter.com/x/status/1512032713770950657

TBF someone just need to increase petrol price quickly. To Rs180 at least. Cannot wait till June.

how is Pakistan able to keep petrol prices so low as compared to other countries ?
pkr 150 is just 64 inr.
In India its around 105 to 110 inr per liter.
Pakistan is in the top 30 cheapest petrol price countries in the world.

Gasoline prices around the world, 12-Aug-2024 | GlobalPetrolPrices.com

Gas prices by country using official data sources.

www.globalpetrolprices.com

 

[hydrabadi_arab]

how is Pakistan able to keep petrol prices so low as compared to other countries ?
pkr 150 is just 64 inr.
In India its around 105 to 110 inr per liter.
Pakistan is in the top 30 cheapest petrol price countries in the world.

Gasoline prices around the world, 12-Aug-2024 | GlobalPetrolPrices.com

Gas prices by country using official data sources.

www.globalpetrolprices.com

Just before going out Imran Khan decided to fix price of petrol to rs150 till June. That didn't help and he was removed anyway. politics.

 

[hydrabadi_arab]

This will slow the economic growth. Maybe the required action in the present situation, but not something that I'd call a desirable situation

True, problem with Pakistan economy is almost 0 growth in exports between 2010-2020. While look at Bangaldesh and India. Economy growth create BOP crisis and it will take time to get out of this. Only now exports have started growing again after a decade.

 

[Wood]

True, problem with Pakistan economy is almost 0 growth in exports between 2010-2020. While look at Bangaldesh and India. Economy growth create BOP crisis and it will take time to get out of this. Only now exports have started growing again after a decade.

Pakistan can try Mexico's model and sign FTA with as many countries as possible. Then perhaps the Chinese manufacturing companies can take advantage of this by moving to your shores

 

[Wood]

Public spending, raise taxes, cut subsidies, raise exports

This is all IMF wants its borrowers to do. But doing so is not without risk because government is often the biggest employer in many countries. Austerity will reduce the population to poverty and therefore deflate demand. Subsidies are also necessary for vulnerable population to live the one life that they have without misery.

Finding the right balance in doing what you suggest is very difficult to achieve

 

[Zibago]

This is all IMF wants its borrowers to do. But doing so is not without risk because government is often the biggest employer in many countries. Austerity will reduce the population to poverty and therefore deflate demand. Subsidies are also necessary for vulnerable population to live the one life that they have without misery.

Finding the right balance in doing what you suggest is very difficult to achieve

If no balance is achieved we will continue on this path that goes nowhere and the biggest problem now is that natural resources are running out

how is Pakistan able to keep petrol prices so low as compared to other countries ?
pkr 150 is just 64 inr.
In India its around 105 to 110 inr per liter.
Pakistan is in the top 30 cheapest petrol price countries in the world.

Gasoline prices around the world, 12-Aug-2024 | GlobalPetrolPrices.com

Gas prices by country using official data sources.

www.globalpetrolprices.com

Subsidies and now our reserves have falling from peak of 20 billion to 11 billion and falling fast