interest rate Archives - Pkrevenue.com

Fed Cuts Rates Amid Slower Job Growth and Economic Uncertainty

December 11, 2025December 11, 2025Faisal Shahnawaz

Washington, D.C., December 11, 2025 – The U.S. Federal Reserve on Wednesday lowered the target range for the federal funds rate by 25 basis points to 3.5–3.75%, marking its third rate cut in 2025. The decision was approved by a 9-3 vote of the Federal Open Market Committee (FOMC), reflecting the first meeting with three […]

U.S. Fed eases policy with surprise rate cut

September 18, 2025September 18, 2025Faisal Shahnawaz

The U.S. Federal Reserve on Wednesday reduced its benchmark federal funds interest rate by 25 basis points, setting the new target range at 4.00 to 4.25 percent.

ECB cuts interest rates by 25bps as inflation outlook softens

June 5, 2025June 5, 2025Faisal Shahnawaz

The European Central Bank (ECB) has cut interest rates by 25 basis points, marking its latest effort to support the eurozone economy amid a cooling inflation environment. The move reflects growing confidence that inflation is steadily converging toward the ECB’s medium-term target.

ECB Slashes Interest Rates by 25bps to 3.75%

June 6, 2024June 6, 2024Faisal Shahnawaz

In a decisive move to stimulate economic growth, the European Central Bank (ECB) has reduced interest rates by 25 basis points for the first time in five years.

SBP May Raise Benchmark Interest Rate to New High Amidst Inflation Woes

September 12, 2023September 12, 2023Shahnawaz Akhter

Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) is likely to consider a substantial increase in the benchmark interest rate, potentially reaching a historic high above the current record of 22 percent.

MCB Bank expects up to 200 basis points increase in benchmark interest rate

February 21, 2023February 21, 2023Faisal Shahnawaz

KARACHI: MCB Bank is expecting up to 200 basis points increase in benchmark interest rates in near terms, according to conference call held on February 20, 2023.

SBP raises rates of financing schemes by 200 bps

May 23, 2022May 23, 2022Hamza Shahnawaz

KARACHI: The State Bank of Pakistan (SBP) on Monday enhanced rates for financing schemes sharply by 200 basis points following massive increase in key policy rate. The SBP increased the mark up rate for financing under Export Finance Scheme (EFS) from 5.5 per cent per annum to 7.5 per cent per annum. Similarly, mark up […]

High interest rate to destroy economy: FPCCI

April 9, 2022April 9, 2022Faisal Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday said that the recent increase in interest rate will result in disaster for the economy. Irfan Iqbal Sheikh, President FPCCI, has expressed his profound disappointment and concerns over an unexpected and massive hike in the key policy rate, i.e. 250 bps by the […]

FPCCI praises central bank for reducing policy rate to nine percent

April 17, 2020April 17, 2020Mrs. Anjum Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has praised the central bank for reducing policy rate by two percent to nine percent from 11 percent. In a statement issued on Friday, Mian Anjum Nisar, President, FPCCI appreciated reduction in the policy rates by 2 percent from 11 percent to 9 percent by […]

Rs52 million approved as interest free loan for students

June 3, 2019March 10, 2021Faisal Shahnawaz1 Comment

KARACHI: The apex committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank) has approved Rs 51.987 million as interest-free loans to deserving students for their current year of studies within Pakistan. State Bank of Pakistan (SBP) […]

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