Karachi, October 30, 2019: State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in public…
Karachi, September 16, 2019: The Monetary Policy Committee (MPC) of State Bank of Pakistan has decided to leave the policy rate unchanged at 13.25 percent, at its meeting on 16th September 2019. The meeting was chaired by Governor State Bank of PakistanDr Reza Baqir. According to monetary policy statement, the decision reflected the MPC’s view…
Karachi, August 22, 2019: State Bank of Pakistan (SBP) through its subsidiary, Banking Services Corporation (BSC) has participated in the government’s initiative of tree plantation campaign by planting 73,417 trees so far across the country. In a recent monsoon tree plantation drive, SBP & BSC across Pakistan and Muzaffarabad (AJK) celebrated 18th August 2019 as…
New York, August 9, 2019: The Editorial Board of Bloomberg, a prominent American economic and financial news service, has called India’s annexation of occupied Kashmir a “shock decision”, saying it clear implication was that Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party “was intent on eliminating rather than celebrating a Muslim-majority state.” “Without a…