Pakistan Revenue
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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. The central bank cut the policy rate second time in last seven days considering massive deterioration in the economy due to large scale spread of coronaviruse.
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ISLAMABAD: State Bank of Pakistan (SBP) enhanced policy rate by 650 basis points during last 18 months (January 2018 to date) for macroeconomic stabilization. According to Economic Survey 2018/2019 issued by the ministry of finance on Monday said the SBP had adopted policy rate reversal and gradually increased it by a cumulative 650 bps since […]
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KARACHI: State Bank of Pakistan (SBP) on Monday increased key policy rate by 150 basis points to 12.25 percent, which is inline with the direction of newly agreed loan program with the IMF. The SBP in a statement said that there have been three notable developments since the last Monetary Policy Committee (MPC) meeting in […]
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