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Pakistan's central bank increases frequency of monetary policy meetings

SBP increases the number of Monetary Policy Committee (MPC) meetings from six to eight times a year in line with international best practices.

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Pakistan's central bank increases frequency of monetary policy meetings
GNN Media: Representational Photo

The decision has been taken in continuation of efforts to make the process of monetary policy formulation more predictable and transparent in line with international best practices, SBP said in a press release.

The release further says the action will bring the frequency of meetings in line with that in comparable emerging markets. It will also help to enhance the predictability of monetary policy actions.

Accordingly, the schedule for the next five MPC meetings is as follows:

1. December MPC meeting: Tuesday, 14th Dec 2021

2. January MPC meeting: Monday, 24th Jan 2022

3. March MPC meeting: Tuesday, 8th Mar 2022

4. April MPC meeting: Tuesday, 19th Apr 2022

5. June MPC meeting: Friday, 10th Jun 2022

The advance calendar for the next half-year of MPC meetings will be shared at the time of
the June 2022 MPC meeting. 

Faisal Ali Ghumman

Mr. Ghumman is a seasoned journalist who has 19 years of diversified experience in print, electronic and digital media. He has worked with 92 News HD, Daily Pakistan Today, Daily The Business, Daily Dawn, Daily Times and Pakistan Observer as News Reporter, Feature Writer, Editor, Web Content Editor and Article Writer. Mr Ghumman has graduated from the Bahauddin Zakariya University Multan and is currently enrolled in M.Phil in Mass Communication at the University of Punjab.

Sports

Pakistan vs Bangladesh: Match called off due to rain on Day 2 of Dhaka Test

Day three is now scheduled to start at 9:30am local time

Published by Siddra Sumreen

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Pakistan vs Bangladesh: Match called off due to rain on Day 2 of Dhaka Test

Dhaka: Day two of the second Test between Pakistan and Bangladesh was eventually called off Sunday following multiple delays and resumptions due to rain in Dhaka.

The play had resumed after lunch, following rain and bad light that saw the morning session in Dhaka cancelled.

However, the play had to be called off for the day due to persistent rain and a wet outfield. Day three is now scheduled to start at 9:30am local time.

Only 57 overs of play were possible on the first day on Saturday, when Pakistan reached 161-2, with skipper Babar Azam unbeaten on 60 alongside Azhar Ali, 36 not out.

Day one of the second Test was halted due to rain and bad light and it was said that the game will be resumed half an hour ahead of the scheduled time. However, the play did not resume after the tea break on Saturday.

Captain Babar Azam struck a fifty to help Pakistan make steady progress against Bangladesh before bad light forced early stumps on Saturday.

The Azam-Ali duo put on 91 runs in their unbroken third-wicket stand after Bangladesh left-arm spinner Taijul Islam removed both openers in the morning session at a 59-runs score.

Azam led the batting charge hitting seven fours and a six so far, and brought up his 19th Test fifty after rain briefly halted the game.

 

SOURCE: AFP

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Pakistan

Pakistan reports 10 deaths as ongoing impact of COVID-19 weakens  

Around 336 fresh coronavirus cases emerged while 10 people succumbed to the disease in last 24 hours amid 'Omicron' threat.

Published by Mehak Javed

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Pakistan reports 10 deaths as ongoing impact of COVID-19 weakens  

Islamabad:  Amid a steady decline in Covid-19 infections, Pakistan's coronavirus positivity ratio further fell to 0.78%, the total death toll reached to 28,777. 

Around 336 fresh coronavirus cases emerged while 10 people succumbed to the disease in last 24 hours amid 'Omicron' threat.

Pakistan’s government will step up COVID-19 vaccination efforts and is expanding the criteria for vaccine booster shots, amid fears of the Omicron variant.

According to the latest figures issued by the National Command and Operation Center (NCOC), 336 persons were tested positive for COVID-19 in the past 24 hours. 

The total number of cases has reached 1,287,161. 

As many as 1,246,464 patients have recovered from the disease.

Punjab

The number of patients swelled to 443,519 in the province with 13,041 causalities.

Sindh

The number of infections has surged to 476,830 in the province, while the death toll has reached 7,626.

Khyber Pakhtunkhwa

The confirmed cases have surged to 180,383 in the province with 5,862 casualties.

Balochistan

There are 33,507 confirmed cases while 360 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,579 coronavirus cases in the AJK while the death toll has reached 742. On the other hand, there are 10,413 cases in GB with 186 coronavirus deaths.

Islamabad

There are 107,930 cases in the capital city while 960 people have lost their lives.

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Sports

Kamyab Jawan Sports Drive to be launch on Dec. 6

Prime Minister Imran Khan will inaugurate the drive at Jinnah Stadium Sports Complex, Islamabad.

Published by Mehak Javed

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Kamyab Jawan Sports Drive to be launch on Dec. 6

Islamabad: The government is launching ‘Kamyab Jawan Sports Drive’ in Islamabad on Monday (December 6), in a bid to revive sports culture for producing national heroes.

Prime Minister Imran Khan will inaugurate the drive at Jinnah Stadium Sports Complex, Islamabad.

Special Assistant to the Prime Minister on Youth Affairs Muhammad Usman Dar said this would be the biggest sports programme in the country’s history that would enable active participation of the youth in healthy physical activities.

He said under its first phase, twelve different games for male and ten for female would be arranged across 25 regions under the talent hunt programme. The age bracket for the both would be 11-25 years.

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