Tag: Interest Rate
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Rise in Interest Rate Disastrous: EFP
KARACHI: President, Employers’ Federation Pakistan (EFP), Ismail Suttar, was completely bemused by the central bank’s actions towards the recent inflation rates. According to the details, he affirmed that the State Bank’s action to run riot in increasing the level of already augmented interest rates to all high 8.75% proves that there is an absolute uncertainty…
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SBP Announces New Monetary Policy for the next two months
In its bi-monthly monetary policy today, the State Bank of Pakistan (SBP) has kept the interest rate unchanged at 7 percent for the next two months. According to the details, in today’s meeting of the Monetary Policy Committee (MPC), it has been decided to maintain the interest rate at 7 percent for the next 2…