Pakistan’s top central banker pledged policy actions “on a timely basis” to ensure stability amid a political shakeup and deteriorating economy.The comments Monday from State Bank of Pakistan Governor Reza Baqir come as lawmakers are set to choose Shehbaz Sharif as prime minister after Imran Khan was ousted in a no-confidence vote. Khan’s downfall was accelerated by inflation running faster than 12%, the rupee trading near a record low to the dollar and foreign reserves shrinking to levels only able to cover a couple of months of imports.
Related posts
-
Gas Supply Constraints Continue Despite Reduction in Local Gas Flow
The country’s gas transmission system faces ongoing challenges as... -
Clean Energy Sector Sees Surge in Jobs, Fossil Fuel Employment Stagnant
The clean energy sector has witnessed a remarkable surge... -
Fuel Prices Expected to Drop on May 1
The upcoming month promises relief for consumers as petrol...