Tags : Interest Rate

The key interest rate in Pakistan is 22 percent

KARACHI: Pakistan’s central bank maintained its interest rate at 22% on Monday following a scheduled meeting of its monetary policy committee, with inflation forecast to fall gradually in the next months, according to the bank’s governor. Gov. Jameel Ahmad told a press conference that the inflation outlook for the next fiscal year was between 20% and […]Read More

SBP hikes interest rate by massive 250 bps to 12.25pc

KARACHI: The State Bank of Pakistan (SBP) raised the benchmark interest rate 250 basis points to 12.25 percent at an emergency meeting on Thursday, the biggest hike since 1996, as escalating political crisis and higher global oil prices threaten to deepen the economic troubles. The rupee fell 1.09 percent to touch a record low of […]Read More