Stock markets in the Gulf ended mixed on Monday as investors await a likely cut to US interest rates this week, with the Saudi index giving up early gains to conclude in negative territory. The US Federal Reserve is all but certain to cut rates on Wednesday, but the debate is over the size of the … Read more
The government has secured a $600 million commercial loan from a European bank at an unprecedented double-digit interest rate, marking the highest cost of borrowing in Pakistan’s history. The deal was struck with Standard Chartered Bank (SCB), London, with Pakistan agreeing to pay an interest rate of approximately 11%. The loan is split into two … Read more
As the State Bank of Pakistan (SBP) Governor announced a significant 200 basis point cut in the policy rate, bringing it down to 17.5%, his composed demeanour reflected growing confidence in Pakistan’s improving economic indicators. However, beneath this veneer of optimism lies a complex reality: while progress is evident, the nation is not yet fully … Read more
Prime Minister Shehbaz Sharif has welcomed the State Bank of Pakistan’s decision to reduce the policy rate by 2%, calling it a positive step for the country’s economy. He expressed optimism that the interest rate cut will boost investor confidence and increase investments in Pakistan. “The reduction in the policy rate is a welcome move … Read more
1726140338-0/Untitled-design-(42)1726140338-0.jpg "State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation D_Trends")
The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to falling … Read more
State Bank of Pakistan building in this undated image. — AFP/File The Monetary Policy Committee (MPC) slashed the key policy rate by 200bps to 17.5% from the existing 19.5%, the State Bank of Pakistan (SBP) announced on Thursday, as inflation eased to the first single-digit figure in nearly three years. The new policy rate will be effective … Read more
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to cut the policy rate by 200 bps to 17.5 percent, effective from September 13, 2024. This is the most aggressive reduction in the key policy rate since April 2020. MPC said in its statement that both headline and core inflation … Read more
KARACHI: Leading industrialists have called on the government and the State Bank of Pakistan (SBP) to take immediate, decisive actions to stabilise the economy, including a reduction in the interest rate by at least 4%. They stressed that such measures would provide significant relief to Small and Medium-sized Enterprises (SMEs), which they described as the … Read more
MULTAN: The Multan Chamber of Commerce and Industry (MCCI) appealed to the State Bank of Pakistan (SBP) and the government to urgently review the current economic conditions before announcing the new monetary policy. With inflation rates having dropped to 10 pc, it is necessary to reduce the bank interest rates by at least 4 pc … Read more
KARACHI: In its upcoming monetary policy meeting scheduled for Friday, September 12, Pakistan’s central bank is widely anticipated to make a third consecutive cut in its key policy rate. The reduction, expected to be in the range of 1% to 1.5%, follows a decline in inflation to single digits in August and aims to support … Read more