May 22

SBP may increase key policy rate by 100bps: poll

KARACHI: The State Bank of Pakistan (SBP) may increase key policy rate by 100 basis points in the upcoming monetary policy announcement (MPS) on May 23, 2022. Topline Research conducted a poll from leading fund managers to assess their views on country’s economic outlook. Questions were asked on interest rate, inflation, currency, GDP growth and […]

by Faisal Shahnawaz

Policy rate may rise as T-Bill yields increase sharply

Apr 6

Policy rate may rise as T-Bill yields increase sharply

KARACHI: The cut-off yield of treasury bills (T-Bills) increased sharply in an auction held on Wednesday indicating an expected rise in policy rate in upcoming monetary policy announcement scheduled for April 19, 2022. “In today’s [April 06, 2022] treasury bills auction, cut-off yields increased by 60 – 80 basis points,” according to analysts at Topline […]

by Faisal Shahnawaz

SBP decides to keep policy rate unchanged at 9.75%

Mar 8

Money & Banking, Top stories

SBP decides to keep policy rate unchanged at 9.75%

KARACHI: The State Bank of Pakistan (SBP) on Tuesday decided to keep policy rate unchanged at 9.75 per cent for the next two months. The State Bank said that the decision reflected the outlook for inflation has improved following the cuts in fuel prices and electricity tariffs announced last week as part of the government’s […]

by Hamza Shahnawaz

SITE Association demands reversing policy rate at 7%

Dec 16

Trade & Industry

SITE Association demands reversing policy rate at 7%

KARACHI: Site Association of Industries (SAI) has demanded the State Bank of Pakistan (SBP) to immediately withdraw the increase in policy rate and bring it back at 7 per cent. In a statement issued on Thursday, SAI President Abdul Rasheed rejected further 100 basis points rise in interest rates calling for its immediate reversal especially […]

by Faisal Shahnawaz

SBP likely keep policy rate unchanged at 7 percent: market poll

Jan 20

Money & Banking

SBP likely keep policy rate unchanged at 7 percent: market poll

KARACHI: The financial market is expecting that the central bank may keep policy rate unchanged at 7 percent in its monetary policy announcement scheduled for January 22, 2021. According to a poll conducted by Topline Securities, about 75 percent of financial market participants are expecting the State Bank of Pakistan (SBP) would keep the policy […]

by Mrs. Anjum Shahnawaz

SBP to review 7pc policy rate on January 22

Jan 19

Money & Banking

SBP to review 7pc policy rate on January 22

KARACHI: The State Bank of Pakistan (SBP) on Tuesday said that it will review the existing key policy rate at 7 percent on January 22, 2021. The SBP said that the Monetary Policy Committee of the SBP will on Friday, January 22, 2021 at SBP Karachi to decide about Monetary Policy. Governor State Bank of […]

by Mrs. Anjum Shahnawaz

Sep 21

Money & Banking

SBP keeps policy rate unchanged at 7pc

KARACHI: State Bank of Pakistan (SBP) on Monday decided to keep the key policy rate unchanged at 7 percent for next two months. The decision was taken after the committee of monetary policy considered economic condition in the wake of adverse impact of coronavirus. The SBP brought down the policy rate by 625 basis points […]

by Mrs. Anjum Shahnawaz

FPCCI advises central bank to bring down interest rate to 5 percent

Jun 26

Trade & Industry

FPCCI advises central bank to bring down interest rate to 5 percent

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has advised the State Bank of Pakistan (SBP) to bring down the key policy rate at 5 percent considering the prevailing situation due to coronavirus. FPCCI president Mian Anjum Nisar on Friday appreciated the SBP for slashing key policy rate by 100 basis points to […]

by Mrs. Anjum Shahnawaz

KCCI declares policy rate cut insufficient

Jun 26

Trade & Industry

KCCI declares policy rate cut insufficient

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) is not satisfied with one percent interest rate cut by the State Bank of Pakistan (SBP) and said it is very little reduction. Chairman Businessmen Group (BMG) and Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli and President KCCI Agha Shahab Ahmed Khan, […]

by Mrs. Anjum Shahnawaz

SBP cuts policy rate to 9pc to dilute coronavirus impact on growth, employment

Apr 16

Money & Banking

SBP cuts policy rate to 9pc to dilute coronavirus impact on growth, employment

KARACHI: State Bank of Pakistan (SBP) on Thursday reduced key policy rate by 200 basis points to nine percent to cushion the impact of coronavirus shock on growth and employment. The SBP reduced the policy rate third time in a month from 13.25 percent to 9 percent. The SBP statement said that in light of […]

by Mrs. Anjum Shahnawaz