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The State Bank of Pakistan (SBP) held its key policy rate at 12% on Monday, opting for stability despite easing inflation, which is expected to rise temporarily in March and May. The decision comes after a senior-level International Monetary Fund (IMF) delegation reviewed Pakistan’s $7 billion bailout package, discussing new revenue targets and taxation measures…
Listen to article The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 12%, citing expectations of a temporary rise in inflation between March and May. In its announcement, the MPC stated: “At its meeting today, the committee decided to keep the policy rate unchanged at 12 percent.”…
The State Bank of Pakistan on Friday said remittances from overseas Pakistanis recorded inflows of $3.1 billion in December which Prime Minister Shehbaz Sharif hailed as a “record increase”. A statement issued today said the growth in workers’ remittances was 29.3 per cent compared to the same month last year and a 5.6pc increase in…
The easing of inflation alongside favorable real interest rates presents an opportunity for Pakistan’s central bank to possibly pursue further monetary easing; however, this decision will depend on a variety of interconnected factors. A decrease in inflation alleviates the cost of living and enhances economic stability, thereby allowing the State Bank of Pakistan (SBP) to…
The stock market continued its ascent to cross 106,000 points mark on Thursday, driven by growing anticipation of a substantial interest rate cut in the State Bank of Pakistan’s (SBP) upcoming monetary policy meeting on December 16, record-low inflation and strengthening economic indicators. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index hit a new intra-day…
