The State Bank of Pakistan (SBP) is all set to announce its new monetary policy today (Monday). The Monetary Policy Committee (MPC) session, chaired by the Governor SBP will meet today to decide on the monetary policy. According to economic experts, the policy rate is expected to remain unchanged at 11 per cent due to…
The State Bank of Pakistan’s (SBP) foreign exchange reserves declined for the third week in a row, dropping by $72 million in the week ending August 1, bringing the total down to $14.232 billion. Since July 11, the central bank has seen a cumulative decrease of $294 million, partially eroding the gains achieved by the…
The State Bank of Pakistan (SBP) announced on Tuesday that it will keep the policy interest rate steady at 11%, citing steady inflation and signs of economic improvement. SBP Governor Jameel Ahmed said inflation currently stands at 7.2%, with a slight rise observed in May and June. The average inflation rate for the last fiscal…
As the State Bank of Pakistan prepares to announce its monetary policy decision, business leader S.M. Tanveer is calling for a significant reduction in interest rates to single digits. He said this move would be a game-changer for the economy, stimulating growth and providing relief to borrowers. In a statement, Tanveer emphasized the need for…
