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monetary policy

SBP increases monetary policy rate to 7.5 percent

KARACHI: State Bank of Pakistan on Saturday announced to increase the monetary policy by 100 basis points to 7.50 percent effective from July 16, to curb demand and ensure near-term stability. According to a statement by the monetary…

SBP maintains monetary policy rate at 5.75 pct

KARACHI: The monetary policy committee of the State Bank of Pakistan on Saturday decided to keep the policy rate unchanged at 5.75 percent, said the real GDP growth in Fiscal Year 2017 is provisionally estimated at 5.3 percent representing…

SBP maintains interest rate at 5.75 percent

KARACHI: In widely expected move, State Bank of Pakistan has decided to keep the interest rate unchanged at 5.75 percent for the next two months of the current fiscal year, According to a statement, the central bank stated that the…