KARACHI: Pakistan’s consumer inflation rate slowed to 4.1% year on year in December, the statistics bureau said on Wednesday, the lowest in more than 6-1/2 years.
The South Asian country is navigating a challenging economic recovery path buttressed by a $7 billion facility from the International Monetary Fund (IMF) granted in September.
Consumer prices in December rose 0.1% from the month before, according to the Pakistan Bureau of Statistics.
In its monthly report released last week, the finance ministry said that the annual inflation rate was expected to hold in the range of 4-5% in the final month of the year.
Annual inflation had already slowed to 4.9% in November, largely due to a high base a year earlier, coming in below the government’s forecast and significantly lower than a multi-decade high of around 40 percent in May 2023.
“Inflation has come down on the back of stable currency, lower global commodity prices and improved supply chain,” said Samiullah Tariq, head of research and development at Pak Kuwait Investment Company.
Pakistan’s central bank previously targeted 5-7% inflation in the medium term but its head has said the level is now in sight within the next 12 months.
The State Bank of Pakistan (SBP) cut its key policy rate by 200 basis points to 13% in December, the fifth straight reduction since June, to bring cumulative rate cuts for 2024 to 900 basis points and making it one of the most aggressive emerging market central banks in the current easing cycle.
Inflation during the first half of the current fiscal year to end-June 2025 has averaged 7.22% compared to 28.79% in the year-earlier period.
Pakistan’s annual inflation slowed to 4.1% in December
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Pakistan’s annual inflation slowed to 4.1% in December
- Annual inflation already slowed to 4.9% in November, largely due to high base a year earlier
- Inflation slowed due to stable currency, lower global commodity prices, says financial analyst
Islamabad steps up vehicle checks to boost security as 166,000 cars get electronic tags
- Authorities say over 3,000 vehicles registered in past 24 hours as enforcement intensifies
- Extended service hours introduced to push full compliance with digital monitoring system
ISLAMABAD: Authorities in the Pakistani capital have intensified enforcement against vehicles without mandatory electronic tags with more than 166,000 cars now registered, according to data released on Sunday evening, as Islamabad moves to strengthen security and digital monitoring at key entry and exit points.
The Islamabad Capital Territory (ICT) administration introduced the electronic tagging system late last year as part of a broader effort to regulate traffic, improve record-keeping and enhance surveillance in a city that hosts the country’s main government institutions, foreign missions and diplomatic enclaves.
Under the system, vehicles are fitted with electronic tags that can be read automatically by scanners installed at checkpoints across the capital, allowing authorities to identify unregistered vehicles without manual inspections. Vehicles already equipped with a motorway tag, or m-tag, are exempt from the requirement.
“A total of 166,888 vehicles have successfully been issued M-Tags so far, including 3,130 vehicles in the last 24 hours,” the ICT administration said, according to the Excise Department.
Officials said readers installed at checkpoints across Islamabad are fully operational and are being used to stop vehicles still without tags, as enforcement teams carry out checks across the city.
To facilitate compliance, authorities have expanded installation facilities and extended operating hours. The Excise Department said m-tag installation is currently available at 17 booth locations, while select centers have begun operating beyond normal working hours.
According to Director General Excise Irfan Memon, m-tag centers at 26 Number Chungi and 18 Meel are providing services round the clock, while counters at Kachnar Park and F-9 Park remain open until midnight to accommodate motorists unable to visit during daytime hours.
Officials said the combination of enforcement and facilitation was aimed at achieving full compliance with minimal disruption, adding that operations would continue until all vehicles operating in the capital are brought into the system.
The enforcement drive builds on a wider push by the federal government to integrate traffic management, emergency response and security monitoring through technology-driven “safe city” initiatives. Last month, Interior Minister Mohsin Naqvi reviewed Islamabad’s surveillance infrastructure and said reforms in monitoring systems and the effective use of technology were the “need of the hour.”
Authorities have urged motorists to obtain electronic tags promptly to avoid delays and penalties at checkpoints as enforcement continues across the capital.
