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Pakistan’s Monetary Policy Committee (MPC) has decided to keep the policy rate unchanged at 11 percent, emphasizing monetary stability amid emerging economic risks and steady growth. The committee made this decision in response to rising inflation, external pressures, and budgetary challenges ahead of FY26. Inflation and Growth Outlook Inflation rose to 3.5 percent in May, …
Continue reading “Policy Rate Held Steady as Pakistan Eyes Stable Growth Amid Risks”
The State Bank of Pakistan (SBP) on Monday reduced the policy rate by 100 basis points, bringing it to 12%, during the first monetary policy announcement of 2025. The new rate will take effect from December 17, 2024, according to a statement released by the central bank. Inflation Declining Gradually SBP Governor Jameel Ahmad, who …
Continue reading “SBP Cuts Policy Rate by 100 Basis Points to 12%”
The Pakistan Stock Exchange (PSX) continued its upward momentum on Friday, buoyed by expectations of a rate cut in the upcoming Monetary Policy Committee (MPC) meeting and increased foreign interest, particularly in the cement sector. The benchmark KSE-100 Index gained 1,741.26 points, or 1.53%, reaching an intraday high of 115,779.05 before closing near its peak. …
Continue reading “PSX Surges on Optimism Over Rate Cut and Foreign Buying”
The State Bank of Pakistan (SBP) announced a major cut in its policy rate on December 16, 2024. The Monetary Policy Committee (MPC) reduced the rate by 200 basis points, bringing it down to 13%. The decision will take effect from December 17, 2024. Inflation Eases to 4.9% Headline inflation dropped to 4.9% year-on-year in …
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The Pakistan Stock Exchange (PSX) saw another day of impressive rise, with the benchmark KSE-100 Index surging by nearly 1,250 points during intra-day trading on Monday. By 3:30 pm, the KSE-100 stood at 92,105.87, up 1,246.02 points, or 1.37%. The index hit an intra-day peak of 92,159.08 as investor sentiment remained high. Key Sectors Drive …
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KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to announce the policy rate at 4:30 p.m. today (Monday). Due to the present economic scenario, experts predict that the interest rate will remain at 7%. SBP Governor Dr Reza Baqir stated in July’s policy statement that the policy rate …
Continue reading “SBP to issue a statement about policy rate today”
