KARACHI: The State Bank of Pakistan (SBP) has announced the monetary policy under which the interest rate has been maintained at 11 percent, according to a statement issued by the central bank
According to the policy committee, inflation in May 2025 was 3.5 percent as expected, while inflation decreased slightly.
The State Bank statement said that it is hoped that inflation will stabilize during the next fiscal year, and the economic growth is gradually increasing, and it is predicted that it will increase further next year.
The statement further said that the trade deficit is increasing steadily, and the inflow of financial funds is weak; however, some proposed measures in the budget for the next fiscal year may further increase this trade deficit by increasing imports.
The State Bank statement said that in this context, the Monetary Policy Committee considered today’s decision to be appropriate to maintain macroeconomic stability and price stability.
ISLAMABAD: An interesting conversation took place between Prime Minister Shehbaz Sharif and Maulana Fazlur Rehman…
KARACHI: A big good news has come out for government employees of Sindh. It has…
ISLAMABAD: The prices of chicken and eggs have skyrocketed. The government price of chicken meat…
TEHRAN: After the restoration of maritime transportation in the Strait of Hormuz, crude oil prices…
ISLAMABAD: Pakistan’s open currency market is witnessing an unusuawith demand for the Iranian rial rising…
LAHORE: An important forecast of the Meteorological Department regarding the weather in Lahore has come…