Karachi, May 01, 2020: Ismail Suttar, president Employers Federation of Pakistan(EFP) & chairman Economic Council has urged the Governor of State Bank of Pakistan, Mr. Reza Baqir to further reduce policy rate by 300 basis points. He maintained that the recent stimulus measures will not be sufficient and will exacerbate the prevailing recession. Businesses and…
Islamabad, April 30, 2020: The federal government on Thursday announced to cut the petroleum products prices up to Rs 30 per litre following the massive fall in the crud oil prices in the international market. According to notification MS petrol price has been reduced by Rs 15 per litre. The new petrol price will be…
Karachi, April 16, 2020: In light of this reduction in growth and inflation expectations, the Monetary Policy Committee of the State Bank of Pakistan has decided at its emergency meeting today, to cut the policy rate by a further 200 basis points to 9 percent. At its last meeting on 24 th March 2020, the…