Pakistan seen extending pause on rate cuts after floods ravage farmland: Reuters poll

SBP poised to maintain policy rate at 11pc

KARACHI: The State Bank of Pakistan (SBP) is expected to maintain the current interest rate at 11 per cent in its upcoming monetary policy announcement on Monday (Sept 15). The interest rate has remained unchanged since May, when it was lowered to 11pc. While trade and industry groups have been calling for further cuts to stimulate economic activity, the SBP has remained unmoved. Despite a significant decline in inflation, which has provided an …

SBP to hold rate as floods fuel inflation

Pakistan's central bank is expected to keep its key rate steady on Monday, a Reuters poll showed, as floods that ravaged farmland and threaten fresh food inflation prompt policymakers to extend their pause on monetary easing. Thirteen of 14 analysts surveyed forecast the State Bank of Pakistan (SBP) will hold its policy rate at 11%, while one projected a 50 basis-point cut. Since late June, floods have swamped Punjab's farmland, disrupting suppl…

Pakistan seen extending pause on rate cuts after floods ravage farmland: Reuters poll

KARACHI :Pakistan’s central bank is expected to keep its key rate steady on Monday, a Reuters poll showed, as floods that ravaged farmland and threaten fresh food inflation prompt policymakers to extend their pause on monetary easing.Thirteen of 14 analysts surveyed forecast the State Bank of Pakistan will

Reduce production costs to stay competitive in region: ICCI PRESIDENT - Islamabad Post

ISLAMABAD, SEPT 14: /DNA/ – President of the Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has said that in the aftermath of the recent floods, reducing the interest rate is extremely crucial to support the economy and revive business activities. He emphasized that bringing the interest rate down to seven percent would save over Rs. 3 trillion. He noted that the interest rate has not been reduced for several months, de…