policy
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SBP expected to maintain policy rate in meeting today
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[ad_1] State Bank of Pakistan’s (SBP) old building. — AFP/File The monetary policy rate is likely to remain unchanged as the monetary policy committee of the State Bank of Pakistan (SBP) conducts a meeting in Karachi today. In a statement on Monday, the central bank said its committee will meet today to decide on the…
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JJVL calls for deregulation in LPG Policy | The Express Tribune
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[ad_1] The premier directed the Petroleum Division to draw up a plan for resuming production at JJVL plant to mitigate gas shortage in winter. Photo: File ISLAMABAD: Jamshoro Joint Venture Limited (JJVL) has proposed deregulating the base-stock price of local Liquefied petroleum gas or imported LPG in the new proposed LPG Policy, allowing market forces…
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SBP keeps policy rate unchanged at 22%
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[ad_1] SBP Governor Jameel Ahmad addressing a press conference in Karachi on January 29, 2024, in this still taken from a video. — Facebook/@StateBankofPakistan In line with market expectations, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) kept the key policy rate unchanged at 22%, as high inflation persists due to the rise…
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Experts see no change in policy rate | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to announce monetary policy for the next six weeks with a majority of experts anticipating no change in policy rate for now as the IMF has recommended to maintain a tight policy to overcome future economic challenges. At the same time, a notable section…
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IT minister announces official policy for 10,000 e-job centres | The Express Tribune
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[ad_1] ISLAMABAD: The caretaker minister for IT and Telecom announced the official policy on Wednesday to establish approximately 10,000 e-job centres across the country, catering to freelancers who often lack a proper workplace. Dr Umar Saif stated in a Twitter post that there are about 1.5 million freelancers regularly working in Pakistan. He emphasised that…
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Govt eyes major gas policy reforms | The Express Tribune
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[ad_1] ISLAMABAD: The interim government has decided to make major changes in Pakistan’s two gas exploration and production policies, aiming to reverse an exodus of foreign firms and lessen reliance on expensive imported fuels that have consumed more than $23 billion in less than a decade. A meeting of the Council of Common Interests, the…
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A futuristic industrial policy | The Express Tribune
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[ad_1] SYDNEY: An Industrial Advisory Council, constituted by the federal government, is formulating the National Industrial Policy. The committee has articulated its vision of an export-led industrial development to take Pakistan’s exports to $100 billion within five years. An appraisal of Pakistan’s existing industrial architecture and its structural frailties, which have hamstrung economic development, is…
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SBP holds policy rate at 22%
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[ad_1] The State Bank of Pakistan. — Wikimedia Commons/File The State Bank of Pakistan, in line with wide market consensus, maintained the key policy rate at 22%, opting for a wait-and-see approach as it assesses the effectiveness of earlier monetary policy tightening in reducing inflation. In a statement, the Monetary Policy Committee (MPC) said that…
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‘Ishaq-Dar policy appreciating rupee against dollar’
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[ad_1] Former minance minister Ishaq Dar addresses a press conference in Lahore on June 30, 2023. — AFP ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Senator Ishaq Dar said Monday that it was due to the policies he put in place that the rupee had recently gained some ground against the dollar. “I consider the rupee’s depreciation…
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7% policy rate cut projected for CY24 | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is expected to cut its benchmark policy rate – cost of lending to commercial banks – by seven percentage points during the next calendar year to 15%, which will revive the lifeline of affordable financing for industries that heavily rely on bank borrowing. Such industries mainly include textile, cement, steel…
