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SBP in new monetary policy maintains rate at 5.75pct

KARACHI: State Bank of Pakistan on Saturday released the first monetary policy for the new fiscal year 2017-2018, and decided to maintain the policy rate at 5.75 percent, The Monetary Police Committee took the decision after strong deliberations and taking into consideration the strong likelihood of continued growth momentum, contained inflation and the challenges on the external front. The central bank released a statement highlighting three stand out features of Pakistan’s economy at the start of FY18. First, average…