Pakistan revises buyback rules to cut debt servicing cost
- 27-Sep-2024
The Pakistan government has revised the rules for buyback and exchange programs on securities to cut debt servicing costs by December 2024. The move has been taken after an unprecedented Rs3.4 trillion profit by the State Bank of Pakistan (SBP) due to a record-high 22pc interest rate, which has now dropped to 16%. According to […]