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 (Ahsan Bukhari): A fresh investigation has been initiated by Customs authorities after the owners…
ISLAMABAD: The Aviation Safety Agency has warned airlines that flights over the airspace of Gulf…
ANKARA: Field Marshal Asim Munir held an important meeting with Turkish President Recep Tayyip Erdogan…
ISLAMABAD: The highly controversial Indian movie named 'Satluj' has been the talk of the town…
ISLAMABAD: In view of the increasing tension in the region and the fears of closure…
ISLAMABAD (Rizwan Abbasi): The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate…