- Pakistan identified fiscal risks in its budget amidst escalating tensions increasing oil price risk.
- The central bank of Pakistan is managing its functions while being briefed on the country's sovereign credit profile due to geopolitical tensions.
The State Bank of Pakistan monitors its current account deficit and reserves in response to global commodity price increases driven by Middle East conflict.
15 reports, 2 independent
Updated Sep 14
Gone quiet
Reached 4 outlets in its first 24 hours
- Reports
- 15
- Developments
- 2
- Repetition
- 87%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The State Bank of Pakistan monitors its current account deficit and reserves in response to global commodity price increases driven by Middle East conflict.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.SBP monitors current account deficit and reserves due to Middle East conflict impacting commodity prices.1 source
Red Sea risks are raising crude prices, fueling inflation and forcing Pakistan to hike interest rates.1 source
Keep exploring
The entities involved
-
Pakistan
sovereign state in South Asia
-
State Bank of Pakistan
central bank of Pakistan
-
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- The Middle East conflict is impacting global crude prices, coinciding with the IMF reviewing structural conditions and reforms related to Pakistan.
- Pakistan Bureau of Statistics compiled trade deficit figures, prompting the State Bank of Pakistan Governor to raise concerns during a briefing in Karachi.
- SBP affirmed its autonomous policy rate decisions while noting the impact of US-Iran relations on global oil prices.
- The Reserve Bank of Australia is assessing the economic effects of the ongoing conflict in the Middle East.
- The government is facing pressure regarding its fiscal policy as the Middle East conflict drives up borrowing costs and OBR downgrades are anticipated.
Coverage
Newest first; wire copies grouped- tribune.com.pkSBP keeps policy rate unchanged at 11.5% | The Express Tribune
- geo.tvIn the crossfire of the ceasefire