State Bank of Pakistan (SBP) to announce monetary policy tomorrow on Tuesday, July 27, 2021.

In a Tweet from the official Twitter handle of the central bank, the bank stated, “Governor SBP Dr Reza Baqir will give a press conference on 27Jul21 at 5:15 pm to announce Monetary Policy Committee decision & share SBP’s views on outlook for economy.”
The press conference will be streamed live on the central bank’s Facebook page.
The monetary policy, in coordination with the fiscal and other relevant policies target the level of aggregate demand to achieve consistent growth.
Depending on the position of aggregate demand, the economy operates at any level of national income and employment within the production frontier. In the case of Pakistan, unemployment follows inefficient aggregate demand and it was observed in the 1990s, high inflation follows excess aggregate demand as has been observed in the middle of the 2000s.
Moreover, double-digit inflation was witnessed in the economy during the financial year 2008 to the financial year 2012.
The overall level of demand consists of both investment and consumption expenditure, which depends on the availability and cost of money, and available credit in an economy.
SBP sets policy rate and liquidity ratios (cash reserves requirements) to manage the cost and availability of money and credit (the aggregate demand) in the country.

Google’s carbon emissions just went up again
- an hour ago

NEPRA reduces basic power tariff
- 2 hours ago

Google quietly introduced precise Bluetooth tracking on the Pixel Watch 3
- an hour ago

Sindh Governor approves Finance Bill 2025-26
- 4 hours ago

Apna Ghar, Apni Chhat Project: Construction of over 50,000 houses completed in Punjab
- 3 hours ago

Air Chief Marshal Zaheer Babar meets US civil, military officials
- 3 hours ago

Blast in Bajaur, four including AC martyred
- 27 minutes ago

Rain predicted in Karachi from July 8 to 11
- 3 hours ago

Extreme heat in Britain, Europe, mercury reaches 46 in Portugal
- 2 hours ago

M3gan 2.0 is a fun upgrade that’s a little too self-aware
- an hour ago

PM satisfied with FBR's performance
- an hour ago

Kazakhstan bans wearing veil in public places
- 4 hours ago