Karachi, March 19, 2021: The Monetary Policy Committee (MPC), in its meeting on 19th March 2021, has decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in January, growth, and employment have continued to recover and business sentiment has further improved. While still modest, at around 3…
Karachi, March 17, 2021: The Monetary Policy Committee of the State Bank of Pakistan (SBP) is most likely to maintained Policy Rate at 7 pc amid accommodative Monetary Policy. The meeting of the committee is scheduled to meet for next 2-month monetary policy on 19th March 2021. In the current economic scenario, the market is…
Karachi, May 15, 2020: As per expectation, the State Bank of Pakistan (SBP) has announced to reduce the key policy rate by 100 basis points to 8 percent in meeting of monetary policy committee held on Friday. At its meeting on15 th May 2020, the Monetary Policy Committee (MPC) decided to reduce the policy rate…
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…
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…