The Pakistan Stock Exchange (PSX) came under significant pressure on Thursday as rising global oil prices and concerns over monetary tightening dampened investor sentiment. Read More: Oil prices hit four-year high amid Hormuz tensions The benchmark KSE-100 Index experienced sharp volatility during the trading session, hitting an intraday high of 164,357.47 points before sliding to a […]
interest rate
FRWO welcomes cut in interest rate
The Ferozpur Road Industrial Welfare Organisation (FRWO) Mian Abdul Razzaq (Patron-in-Chief), Haji Muhammad Akram (Chairman), and Kashif Imran Bhatti (Vice Chairman) has described the State Bank of Pakistan’s decision to cut the policy rate by 50 basis points to 10.5%, after four consecutive meetings without change, as a positive but insufficient measure given prevailing economic […]
SBP cuts policy rate by 50 basis points to 10.5%
ISLAMABAD – The State Bank of Pakistan (SBP) on Monday announced a 50 basis point reduction in its policy rate, bringing it down to 10.5 per cent. This marks the first rate cut since May, when the benchmark rate was last reduced and subsequently held at 11 per cent. Read More: SBP likely to hold interest rate at […]
LCCI urges urgent interest rate cut to prevent further economic instability
LAHORE, October 28 —President of the Lahore Chamber of Commerce & Industry (LCCI), Faheem-ur-Rehman Saigol, has said that the State Bank’s decision to keep the interest rate at 11% is harmful for the economy. He said that the rate should have been reduced by at least 2% to boost business activities in the country. In […]
SBP injects Rs4.2 trillion to stabilise market liquidity
KARACHI – The State Bank of Pakistan (SBP) has injected a total of Rs4,245.5 billion into the money market through Reverse Repo Purchase and Shariah Compliant Mudarabah-based Open Market Operations (OMO) to maintain liquidity and ensure smooth financial operations. According to details, the SBP conducted the Open Market Operation (Reverse Repo Purchase) on October 24, […]
SBP may cut rates after floods, IMF review
Further changes to Pakistan’s interest rate policy will depend on the impact of recent floods and progress in the IMF review. State Bank of Pakistan (SBP) Governor Jameel Ahmad made this statement in an interview with Bloomberg. He said the central bank would continue watching inflation and external sector risks before adjusting rates. The policy […]
Interest rate likely to drop to 10% from July 31, says SBP
ISLAMABAD: Pakistan is expected to see its key interest rate cut to 10% or 10.5% starting July 31, as the State Bank of Pakistan (SBP) moves to ease monetary policy amid signs of economic stabilization. This would be the first reduction in the policy rate after a prolonged period of high interest rates aimed at […]
Bank of Japan says no tightening as oil stirs inflation
Tokyo: Japan’s central bank chief said on Friday the country will likely reach its key two-percent inflation target as oil rates surge, but the bank will continue monetary easing policies because the price rises are caused by external factors. The Bank of Japan has struggled to lift inflation for nearly a decade with the world’s […]
SBP governor sees national economy growing at around 4 %
Governor State Bank of Pakistan Reza Baqir, talking to Bloomberg, said that the Monetary Policy Committee met on Friday. In the meeting they decided to keep the monetary stance significantly accommodative and to do so the policy rate was set at 7% while the real interest rate ranged from zero to minus 4. Moreover, the […]
Pakistan’s economy on right track, ready to take off: Chairman KPTMA
PESHAWAR: Chairman, Khyber Pakhtunkhwa Textile Mills Association (KPTMA), Salim Saifullah Khan, has said that the economy of Pakistan is on the right track, and now it was ready to take off. In a statement issued to the press here on Monday, he said that Pakistan’s economy is on the right path and growing rapidly even […]