300bps reduction in ERS rate, power relief to lift textiles, cement and steel

Two-way market hits late investors; SBP injects over Rs13tr

Price cuts, policy support and crop shifts drive higher offtakes, not farm expansion

SBP defies rate-cut expectations, cites inflation risks, external vulnerabilities

Analysts flag execution, payments and logistics hurdles

Cooling inflation, stronger growth indicators fuel expectations of up to 75bps cut

Says reforms in public services face data, capacity, coordination gaps

Report warns regional conflicts, climate shocks can compromise limited fiscal space

Jumps Rs12,700 per tola; international rate touches $4,887

Updates sovereign rating criteria from Sept 2025, incorporating recovery assumptions into debt ratings for first time