Pakistan

The State Bank of Pakistan (SBP) has announced the winners of its national competition for the design of new Pakistani currency notes. A panel of judges selected the winning designs from a pool of hundreds of entries. Most sleek and unique entries are submitted by talented artists and designers from across the country. The State Bank of Pakistan (SBP) recently announced the winners of a nationwide competition to design new currency notes for all denominations. This initiative began in January 2024, and by March, SBP had invited artists to submit creative and thematic designs. A panel of experts carefully evaluated the work of many talented local artists and selected several winners. Dr. Shery Abidi got the first prize for the Rs 10 note. While Mirza Sufiyan received the second prize...

The Pakistan's inflation rate has reached a 34-month low in August. The consumer price index (CPI) increased by 9.6% in August compared to the previous year. This is a significant improvement from the previous month's inflation rate of 11.1%. In a positive turn for the country's economy, Pakistan's inflation rate has dropped to its lowest level in nearly three years. According to the latest data from the Pakistan Bureau of Statistics (PBS), inflation fell to 9.6% in August 2024. It is a significant decrease from 11.1% in July and a remarkable drop from 27.4% in August of last year. This marks the first time since October 2021 that Pakistan’s inflation has dipped into single digits, providing some relief to citizens who have faced soaring prices in recent years. The monthly rise in t...