State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) in an unscheduled meeting held on Thursday announced a sharp increase in key policy rate by 250 basis points to 12.25 per cent from 9.75 per cent for next two months. The Monetary Policy Committee (MPC) is scheduled to be held on April 19, 2022. However, due to […]
KARACHI: Salman Aslam, President, Korangi Association of Trade and Industry (KATI), has expressed concern over one percent increase in interest rates. He said that further increase in monetary policy by SBP to 9.75 per cent would result in more inflation. President Salman Aslam said that the government was trying to control inflation by raising interest […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) on Monday announced first increase in key policy rate by 25 basis points in past 25 months. Previously, the SBP announced the increase in policy rate of 100 basis points to 13.25 per cent. The SBP kept the policy rate unchanged at 13.25 per cent till March 17, […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) on Monday kept the policy rate unchanged at 7 per cent for next two months. The SBP said that at its meeting on July 27, 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent.
KARACHI: The Monetary Policy Committee (MPC) on Friday decided to keep the key policy rate unchanged at 7 percent owing to improved GDP growth forecast to 3.94 percent and hope of further higher growth in the next fiscal year. A statement issued by the State Bank of Pakistan (SBP) said that since its last meeting […]
KARACHI: The State Bank of Pakistan (SBP) on Tuesday said it will issue monetary policy statement on Friday March 19, 2021. A poll suggested that the central bank likely to keep policy rate unchanged at 7 percent. However, some participants polled the policy rate might be increased by 25 basis points to 50 basis points […]
KARACHI: The State Bank of Pakistan (SBP) on Thursday announced to further cut policy rate by 100 basis points to 7 percent in order to support domestic economic activities. A statement issued by the SBP stated that at its meeting on June 25, 2020, the Monetary Policy Committee (MPC) decided to reduce the policy rate […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday said that the decision to lower interest rate by one percent will not help the country to boost especially considering adverse impact of coronavirus. FPCCI president Mian Anjum Nisar while responding to rate cut by State Bank of Pakistan (SBP) and said that […]
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Wednesday demanded the central bank to reduce policy rate to 4 percent instead easing in bits and pieces. KCCI President Agha Shahab Ahmed Khan in a statement urged the State Bank of Pakistan (SBP) to bring down the policy rate from 9.0 percent to 4.0 percent […]
KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced reduction of 150 basis points in key policy rate to bring it at 11 percent.