Economists stated that interest rates are likely to increase by one to two percent.
Karachi: State Bank of Pakistan (SBP) will announce the monetary policy today (Thursday).
According to details, a meeting of the Monetary Policy Committee will be held under the chairmanship of Governor State Bank in which the economic situation of the country will be reviewed and a decision will be taken regarding the change in the interest rate.
According to the central bank, the monetary policy committee of bank will announce the change in interest rate after the meeting. Currently the base interest rate is 22 percent.
Economists stated that interest rates are likely to increase by one to two percent.
It is pertinent to note that State Bank had decided to increase the interest rate by 100 basis points i.e. 1% on June 26, after which the base interest rate became 22 percent.
Pakistan tops global emerging markets in default risk reduction
- 4 hours ago
PA Speaker suspends 26 opposition members for 15 sessions
- 9 hours ago
Alkhidmat Foundation hosts national training workshop to expand 'Bano Qabil Initiative'
- 7 hours ago
Suicide blast leaves 8 security personnel martyred, 4 civilians injured in North Waziristan: KP CM
- 7 hours ago
What's ahead in 2025 for Notre Dame, UConn and the Pac-2?
- 7 hours ago
IHC directs federal govt to dissolve CDA
- 9 hours ago
Penalties for members for vandalizing PA
- 8 hours ago
Battle of Truth to never be erased from India’s memory, fully prepared to defend homeland: Asim Munir
- 5 hours ago
Death toll from rain-related incidents reaches 25 in Punjab, KP
- 9 hours ago
KP govt to immediately eliminate encroachments on Swat River
- 9 hours ago
Pakistan welcomes supplemental award by Court of Arbitration in Indus Waters matter
- 7 hours ago
Punjab to discontinue ‘Health Card’ facility in govt hospitals
- 9 hours ago
