policy
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SBP slashes policy rate to 19.5% as inflationary pressures ease
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[ad_1] SBP Governor Jameel Ahmad addressing a press conference in Karachi on July 29, 2024. — Screengrab via Geo News The State Bank of Pakistan (SBP) on Monday cut the interest rate from 20.5% to 19.5%, marking the second consecutive reduction, in response to easing inflation and market expectations. Addressing a press conference after Monetary…
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SBP reduces policy rate by 1.5% ahead of budget
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[ad_1] The State Bank of Pakistan building in Karachi. — APP/file KARACHI: The State Bank of Pakistan (SBP) on Monday announced to cut the policy rate by 150 basis points, marking its first rate reduction in nearly four years. The decision to cut the key rate to 20.5% comes two days ahead of budget and…
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PSX slumps over pre-budget, policy rate worries | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) endured a turbulent week where it plunged over 2,000 points as investors were worried about the potential increase in capital gains tax (CGT) and due to uncertainty over the State Bank of Pakistan’s (SBP) monetary policy announcement. Investors were wary ahead of the budget presentation next week where taxes…
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Experts call for EV policy overhaul | The Express Tribune
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[ad_1] KARACHI: Auto experts believe electric cars could become far more accessible to customers if the government addressed key policy issues. They call for a revision of policy classifications, offering incentives to all electric vehicles (EVs), removing obstacles in EV financing, and reducing heavy taxes, which currently constitute over 50% of the car prices, making…
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Pakistan’s fiscal policy at a crossroads | The Express Tribune
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[ad_1] ISLAMABAD: Fiscal policy in Pakistan is usually far from a fine balancing act and is more of a reckless feat. It has long been marked by a contentious debate between austerity and stimulus measures – with the government oscillating between these two approaches, often thoughtlessly. Thanks to these policies, the past three years have…
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Is govt mulling to review solar net metering policy?
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[ad_1] Several solar panels can be seen in this picture. — AFP/File ISLAMABAD: Federal Minister for Energy Awais Ahmad Khan Leghari on Tuesday categorically rejected media reports and said that the government would not make any change in solar net metering policy sans the consensus of all the stake holders. Responding to a call attention…
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Govt ‘moves’ to end solar net metering policy
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[ad_1] A man wipes the dust off solar panels he recently installed on the roof of his home in Larkana, in Pakistan’s Sindh province, June 28, 2017. — Reuters ISLAMABAD: The federal government has planned to introduce a “gross metering” policy to replace already in place “solar net metering” which could curtail monetary benefits of…
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SBP holds key policy rate at 22% | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its key policy rate unchanged at a record high of 22% for the seventh consecutive time in the past 10 months, ahead of the IMF executive board’s final approval for the release of the last tranche of $1.1 billion on Monday. The country…
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SBP keeps policy rate unchanged at 22% as inflationary risks remain
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[ad_1] State Bank of Pakistan logo seen on a wall in this undated image. — Bloomberg/File The State Bank of Pakistan (SBP) has decided to keep the monetary policy rate unchanged at 22%, the central bank said in an official statement after the Monetary Policy Committee (MPC) earlier today (Monday). At its meeting, the Committee…
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SBP keeps policy rate unchanged for fifth consecutive time | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) left its key policy rate unchanged on Monday at a record high of 22% for the fifth consecutive time in the past nine months, taking a cautious approach against a likely uptick in inflation readings amid the ongoing talks with the International Monetary Fund (IMF). In its…
