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 22, 2020: Amid the growing concerns of COVID – 19 pandemic, State Bank of Pakistan (SBP) has, thus far, announced a number of regulatory relief measures for the financial sector and real economy. These measures are primarily aimed at ensuring the safety and soundness of banking sector while enhancing their lending capacity to support the economic activities in…
Islamabad, April 17, 2020: The International Monetary Fund (IMF) board has approved the disbursement of US$1.386 billion under the Rapid Financing Instrument to address the economic impact of the Covid-19 shock. The Executive Board of the International Monetary Fund (IMF) on Thursday approved a purchase of Pakistan under the Rapid Financing Instrument (RFI) equivalent to…
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…
Karachi, April 16, 2020: President Federal B Area Association of Trade & Industry, Karachi Abdullah Abid have appreciated the steps taken by State Bank of Pakistan in providing relief to industries for payment of salaries & wages to their workers and employees. He said that on behalf of our association would like to thank you…