policy
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SBP keeps key policy rate unchanged at 22% | The Express Tribune
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[ad_1] KARACHI: The central bank on Monday announced that the key policy rate – the cost of banks’ lending – would remain unchanged at 22 per cent. Notably, in its first meeting after a new loan programme by the IMF, the SBP was scheduled to review its key policy rate today. It was to assess whether…
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Central bank to review policy rate next week | The Express Tribune
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[ad_1] KARACHI: In its first meeting post-IMF new loan programme, Pakistan’s central bank is scheduled to review its key policy rate, the cost of banks’ lending, on Monday. It will assess whether it remains appropriate at the current historical high level of 22% to curb inflation and support economic growth or if the rate requires…
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ECC approves bonded storage policy for petroleum products: Dar | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar announced on Wednesday that the Economic Coordination Committee (ECC) has approved the “Bonded Bulk Storage Policy 2023” for petroleum products. The minister took to Twitter to make the announcement and said that the government has fulfilled another of its commitment “with the people of Pakistan that was made in…
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SBP hikes key policy rate by 100 basis points to 22% | The Express Tribune
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[ad_1] KARACHI: Fulfilling another demand of the International Monetary Fund (IMF) to revive its loan programme, Pakistan’s central bank jacked up its key policy rate by 100 basis points to a new record high at 22 per cent in an emergency meeting on Monday. The rate would become effective from Tuesday. The State Bank of…
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Pakistan to leave 21% policy rate unchanged: analysts | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s central bank is widely expected to keep its key interest rate unchanged at 21% on Monday after aggressive rate hikes since April last year to tackle record-high inflation amid the nation’s worst-ever economic crisis. The country’s key rate has been raised by a massive 1125 basis points (bps) since April 2022 and…
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Policy adjustments proposed to revitalise economy | The Express Tribune
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[ad_1] KARACHI: Prominent businessmen and industry leaders have presented a series of essential policy adjustments to revitalise Pakistan’s economy, emphasising the upcoming budget for the fiscal year 2023-2024 as a golden opportunity to foster growth, innovation, and sustainable development across various sectors. Leading a delegation from the Federation of Pakistan Chambers of Commerce and Industry…
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Carrots and sticks: balancing industrial policy | The Express Tribune
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[ad_1] KARACHI: A true biryani connoisseur understands that the dish’s excellence lies not only in premium rice and meat but also in the ideal mix of spices. A delicious plate can be spoiled by either an excessive amount of spices, causing throat irritation, or insufficient seasoning, resulting in a bland dish more reminiscent of pulao…
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SBP hikes policy rate by 100bps to record high of 21% | The Express Tribune
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[ad_1] In line with market expectations, Pakistan’s central bank hiked its benchmark policy rate by 100 basis points to a new record high of 21% on Tuesday as the bank took measures to anchor rising inflation in the country. State Bank of Pakistan (SBP) said on its official Twitter handle “MPC (monetary policy committee) views…
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UK budget: Finance Minister Jeremy Hunt unveils new free childcare policy
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[ad_1] Britain’s Chancellor of the Exchequer Jeremy Hunt poses with the red Budget Box as he leaves 11 Downing Street in central London on March 15, 2023, to present the government´s annual budget to Parliament. — AFP LONDON: UK finance minister Jeremy Hunt announced Wednesday that most working parents in England will be offered 30…
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SBP prepones meeting to hike key policy rate | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) on Tuesday preponed its meeting to Thursday regarding the matter of hiking up its key policy rate by 100-200 basis points on the recommendation of the International Monetary Fund (IMF). The policy rate currently stands at a 24-year high of 17%. The central bank, through its Twitter handle,…
