Pakistan inflation seen slowing to 5.8%-6.8% in November, ministry says

A shopkeeper waits for customers at a market in Karachi, Pakistan on January 10, 2022. (AFP/File)
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Updated 28 November 2024
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Pakistan inflation seen slowing to 5.8%-6.8% in November, ministry says

  • Inflation may further slow to 5.6 percent-6.5 percent in December, says ministry
  • Pakistan slashed interest rates by 250 basis points earlier in November

KARACHI: Inflation in Pakistan is expected to slow to 5.8 percent-6.8 percent in November, and then further to 5.6 percent-6.5 percent in December, the finance ministry said in its monthly economic report on Wednesday.

The South Asian country slashed interest rates by 250 basis points earlier in November in a bid to revive a sluggish economy amid a big drop in the rate of inflation.

Inflation clocked in at 7.2 percent in October, a sharp drop from a multi-decade high of nearly 40 percent in May 2023.


Pakistani javelin star Arshad Nadeem bags ‘Global Breakthrough Athlete Award’ in UAE

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Pakistani javelin star Arshad Nadeem bags ‘Global Breakthrough Athlete Award’ in UAE

  • Arshad Nadeem made history last year after winning Pakistan’s first gold medal in javelin at the Paris Olympics 2024
  • Two-day World Sports Summit is being held in Dubai with over 1,500 sports leaders, athletes, policymakers attending

SLAMABAD: Pakistan’s javelin star and Olympic gold medalist Arshad Nadeem won the Global Breakthrough Athlete award at the World Sports Summit in the UAE on Monday. 

The two-day World Sports Summit is being held in Dubai from Dec. 29-30. The global event features over 1,500 sports leaders, policymakers and athletes who will partake in discussions related to the future of the industry under the theme “Uniting the World Through Sport,” the Emirates News Agency (WAM) said. 

News channels aired footage of Nadeem receiving the award in Dubai. Pakistan’s Information Minister Attaullah celebrated the achievement, referring to Nadeem as the nation’s “pride.”

“An honor for Pakistan,” Tarar wrote on social media platform X. “Arshad Nadeem is our pride.”

Nadeem won Pakistan’s first gold medal in javelin in August 2024 when he won the men’s javelin competition with a record-breaking 92.97-meter throw, triggering celebrations across the country.

Nadeem has also won medals at other international competitions, such as the Commonwealth Games and the Asian Games. In November, Nadeem won the gold medal in the men’s javelin throw at the Islamic Solidarity Games 2025 in Saudi Arabia, recording a throw of 83.05 meters from six attempts in a seven-man field.