Pakistan
Pakistan cuts rates to 11%
Central bank expects inflation to rise to 5–7% target level over coming months
State Bank of Pakistan cuts rates by 250bp
Fourth consecutive reduction comes one month after IMF begins disbursing $7 billion funding package
Inflation to be under control by next June – SBP governor
Head of Pakistan’s central bank hails fall in inflation to 6.9%, down from peak of 38% last year
IMF board approves funding to Pakistan
Institution disburses around $1bn in first instalment of extended facility
Higher inflation results in greater remittances to Pakistan – paper
Workers send more money to make up for erosion of real incomes in their home country
Pakistan cuts rates by 100 basis points
Decision comes after country secures IMF funding amid falling oil prices
Pakistan seals $7bn IMF funding package
Institution says bilateral support will be necessary to meet objectives
Pakistan cuts interest rates for first time in five years
Central bank says growth of exports and remittances bolsters foreign exchange reserves
Pakistan holds interest rate ahead of IMF loan review
Central bank says inflation remains high even after dropping in March
Pakistan repays bonds worth $1bn as it seeks fresh IMF loan
Debt-stricken country looks to secure about $6 billion in loans
Pakistan holds rates despite high inflation
MPC says country needs continuing tight policy, fiscal discipline and foreign financing
Pakistan launches sovereign wealth fund
Struggling country transfers $8 billion of shares in seven state companies to new SWF
IMF approves $3 billion short-term loan for Pakistan
Saudi Arabia and UAE provide $3 billion more as country tries to overcome crisis
SBP reverses course and hikes rates 100bp
State Bank of Pakistan raises key rate in emergency session as IMF deadline looms
Pakistan holds rates despite high inflation
Reserves resume fall as balance of payments crisis continues
SBP raises rate 100bp amid balance of payments ‘stress’
Inflation continues climb while reserves remain at critically low levels
Pakistan raises rates by 300bp as default risks rise
Authorities struggle to collect taxes and unlock IMF funds
Pakistan raises rates 100bp amid reserves crisis
Reserves now only enough to cover about three weeks of imports
South Asia’s rapid progress under threat, IMF warns
Millions have escaped poverty but “bold” policies are needed to avoid backsliding
Rates round-up: Pakistan adds 100bp to main rate
Central banks raise rates in Kenya, Congo and Iceland
ADB gives crisis-hit Pakistan $1.5 billion loan
Asian Development Bank extends aid as extensive floods add to major economic problems