KARACHI: The Monetary Policy Committee (MPC) has reduced the key policy rate by 200 basis points, bringing it down to 17.5% from the previous 19.5%, the State Bank of Pakistan (SBP) announced on Thursday. This decision follows a decline in inflation to a single-digit figure for the first time in nearly three years. The new … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the State Bank of Pakistan (SBP) to avoid any further hike in the policy rate, as it would hinder economic growth, a statement said. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president Haris Ateeq said that the … Read more
KARACHI: The cutoff yield in the auction of the benchmark six-month market treasury bills (MTBs) sharply increased to 11.5 per cent, much higher than the key policy rate of 8.75 per cent. A day ago, the State Bank of Pakistan (SBP) conducted an auction of the government treasury bills maturities for the sale of T-bills … Read more
KARACHI: The planned inflows under the Saudi assistance package next week may help ease rupee volatility. According to the government authorities, the Saudi support of $3 billion would be transferred directly to the State Bank of Pakistan (SBP) next week. Saudi Arabia on October 26, 2021 announced to support Pakistan in managing its balance of … Read more
