policy
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Pakistan IT exports could reach up to $10 billion under new policy: minister
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[ad_1] Caretaker IT Minister Dr Umar Saif is addressing event at a local hotel in Islamabad on November 23, 2023. — Ministry of IT and Telecommunication Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif has said Pakistan IT exports could reach up to $10 billion under the country’s first-ever IT Export Strategy. Speaking…
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SBP keeps key policy rate unchanged at 22pc | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its benchmark policy rate unchanged at a record high of 22% for the third time in a row in the past four months, saying the rate remains appropriate to create a balance between inflation reading and economic activities. In its latest monetary policy…
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SBP’s Monetary Policy Committee to meet on October 30
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[ad_1] A representational image of the State Bank of Pakistan building. — AFP/File The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will meet on Monday (October 30) to decide on the interest rate regime. Taking to X — formerly known as Twitter — the central bank said: “The Monetary Policy Committee of #SBP…
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Minister calls for national seed policy | The Express Tribune
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[ad_1] ISLAMABAD: Caretaker Federal Minister for National Food Security and Research, Dr Kausar Abdullah Malik, on Tuesday, convened a meeting to address Pakistan’s seed system. The gathering, attended by key stakeholders, aimed to evaluate challenges and future prospects. According to a statement issued by Ministry of National Food Security, Malik called for a uniform regulatory…
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‘Import substitution should be part of industrial policy’ | The Express Tribune
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[ad_1] Sindh’s Caretaker Minister for Finance, Revenue, and Planning & Development Mohammad Younus Dagha has said that the State Bank of Pakistan should fix the exchange rate of the Pakistani rupee from time to time according to the internationally accepted exchange rate for the local currency. Speaking at a conference in Islamabad organised by the World Bank…
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SPB keeps policy rate unchanged at 22%
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[ad_1] State Bank of Pakistan. — Radio Pakistan/File The State Bank of Pakistan (SBP) on Thursday kept the policy rate unchanged at 22% per cent for the next couple of months. In a statement, the SBP said, “The Monetary Policy Committee (MPC) decided to maintain the policy rate at 22%. This decision takes into account…
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SBP keeps policy rate unchanged at 22% against expectations | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) surprised financial markets on Thursday by leaving its benchmark policy rate – the cost of bank lending – unchanged at 22%, against the expectation of an aggressive hike of up to 300 basis points. In a statement, the SBP said that the Monetary Policy Committee (MPC) decided…
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Oil storage, trade policy sparks controversy | The Express Tribune
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[ad_1] ISLAMABAD: Amidst protests from the oil industry, the government has officially released policy guidelines aimed at encouraging foreign suppliers to invest in the storage and trade of petroleum products, including crude oil. This move involves allowing foreign suppliers and their registered subsidiaries to maintain inventories of crude oil and petroleum products within their own…
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Fed’s Jerome Powell favours further monetary policy tightening to tame US inflation
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[ad_1] US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022.— AFP/File In a worrying development, the US Federal Reserve is ready to increase interest rates — and maintain them there — to ease…
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SBP maintains record high policy rate | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has announced its decision to keep the benchmark policy rate unchanged at a record high of 22% for the next six weeks, as it projects a moderate economic growth range of 2-3% for the current fiscal year 2024. SBP Governor Jameel Ahmad, speaking at a press conference…
