Pakistan’s import pressure increased sharply as the current account deficit jumped to $733 million in four months. The deficit rose 256 percent compared to last year, showing serious weakness in external stability. Imports of goods and services climbed fast while foreign direct investment dropped 26 percent. Experts warned that political decisions and rising consumption, not […]
external stability
State Bank keeps policy rate at 7% for next two months
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to maintain the policy rate at seven percent owing to broad-based economic rebound and expected positive momentum towards higher growth. The committee, met here on Friday to finalize monitory policy for the next two months June-July 2021, noted that further upward revision […]