June 27, 2022

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Pakistan Revenue

Tag: Monetary Policy

SBP jacks up policy rate by 6.75% to 13.75% State Bank of Pakistan
Jun 10
Finance, Money & Banking

SBP jacks up policy rate by 6.75% to 13.75%

ISLAMABAD: The State Bank of Pakistan (SBP) has increased the key policy rate by 6.75 per cent during September 2021 to May 2022, according to Economic Survey of Pakistan 2021/2022 released on Thursday. The survey stated that Pakistan’s economy has witnessed a V-shaped recovery in 2020-2021 after witnessing a contraction of 0.9 percent in FY2020. […]

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SBP may increase key policy rate by 100bps: poll State Bank of Pakistan
May 22
Money & Banking, Top stories

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 […]

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KCCI demands immediate withdrawal of policy rate hike
Apr 8
Trade & Industry

KCCI demands immediate withdrawal of policy rate hike

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has urged the central bank to immediately withdraw the rise in the key policy rate of 2.5 per cent. Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, while highly criticizing the State Bank’s move to exorbitantly raise the […]

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Policy rate may rise as T-Bill yields increase sharply State Bank of Pakistan
Apr 6
Money & Banking, Top stories

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 […]

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Mini-budget likely to push up inflation: SBP State Bank of Pakistan
Jan 24
Finance, Money & Banking, Top stories

Mini-budget likely to push up inflation: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said that inflation likely to increase due to cost-push pressure from removal of exemptions in the mini-budget and rise in energy tariff. “Together with low base effects, one-off cost-push pressures from energy tariff increases and the removal of tax exemptions in the Finance (Supplementary) Act are […]

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Employers criticize increase in key policy rate
Dec 16
Trade & Industry

Employers criticize increase in key policy rate

KARACHI: President Employers’ Federation of Pakistan (EFP), Ismail Suttar was completely perplexed by the central bank’s actions towards the recent inflation rates. He affirmed that the State Bank’s action to run riot in increasing the level of already augmented interest rates proves that there is an absolute uncertainty about the correlation between inflation and interest […]

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Stocks end up 370 points in late hours buying
Dec 14
Stock & Commodity

Stocks end up 370 points in late hours buying

KARACHI: Stocks ended up by 370 points on Tuesday owing to late hours buying before the closing. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43.247 points from the previous day’s closing of 42,876 points. Analysts at Topline Securities said that it was a lacklustre day at PSX today where KSE-100 Index […]

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