policy
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Pakistan ‘agrees’ to raise policy rate by 2% under IMF pressure
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[ad_1] The International Monetary Fund’s building. — AFP/File As the economic crisis in Pakistan worsens with depleting foreign currency reserves barely enough to pay for three weeks worth of imports, the country agreed on Saturday before the International Monetary Fund (IMF) to increase the policy rate by 2% — one of the conditions to secure…
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Monetary policy: SBP likely to raise interest rate today
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[ad_1] A representational image of the State Bank of Pakistan (SBP) building. — AFP/File The State Bank of Pakistan (SBP) is scheduled to meet today (January 23) to assess developments on the economic front and announce its monetary policy for the next seven weeks. Conflicting movements in economic indicators suggest the worst is not yet…
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SBP set to raise policy rate to rein in inflation | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is highly expected to jack up its key policy rate by 100 basis points (bps) to 17% at the monetary policy review on Monday (Jan 23) ahead of the revival of International Monetary Fund (IMF) loan programme. “Implementation of the loan programme is feared to push inflation reading to multi-decade…
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China has room for further ‘recalibration’ of zero-COVID policy: IMF
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[ad_1] Chinese residents in Japan and supporters stage a rally to protest against China´s Zero Corona policy and the dictatorial rule of the Chinese Communist Party in Tokyo on November 30, 2022 as part of candlelight vigil for victimes of 11.24 Urumqi fire. — AFP/File WASHINGTON: China has room to adjust its strict zero-COVID policy,…
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Dar seeks greater policy support from IMF and donors amid flood catastrophe
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[ad_1] Finance Minister Ishaq Dar. — APP/screengrab WASHINGTON: In view of the climate-induced flood catastrophe and economic losses suffered by the country, Finance Minister Ishaq Dar Sunday urged the International Monetary Fund (IMF) and multilateral donors to offer greater policy support to Pakistan. Addressing a meeting of MENAP (Middle East, North Africa, Afghanistan, and…
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Monetary policy: SBP maintains status quo at 15%
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[ad_1] State Bank of Pakistan— AFP/File KARACHI: In line with the market expectation, the State Bank of Pakistan (SBP) Monday kept the key interest rate unchanged at 15% for the next seven weeks. “The committee was of the view that based on currently available information, the existing monetary policy stance strikes an appropriate balance between…
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SBP leaves key policy rate unchanged at 15% | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank left its key policy rate unchanged at 15% for the next seven-week on Monday, as it revised down projection for economic growth to 2% for current fiscal year 2023. “The existing monetary policy stance (at 15%) strikes an appropriate balance between managing inflation and maintaining…
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IMF says policy commitments made by Pakistan continue to apply | The Express Tribune
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[ad_1] Listen to article The resident representative of the International Monetary Fund (IMF) said on Monday that policy commitments made by Pakistani authorities to resume the support programme continue to apply. “Policy commitments made by the Pakistani authorities as part of the Seventh and Eighth review under their IMF-support programme continue to apply,” IMF representative in Islamabad…
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Honorarium policy stuck in limbo | The Express Tribune
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[ad_1] ISLAMABAD: The policy of giving honorarium to government officials for good performance has again stuck in limbo as the finance ministry withdrew it from a cabinet meeting. During a cabinet huddle held on June 7, the minister for finance and revenue requested that the agenda item titled “Policy for grant of honorarium” may be…
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SBP may raise policy rate as yields stay high | The Express Tribune
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[ad_1] KARACHI: Commercial banks have maintained interest rates at a recent 11-year high at 15.25% on financing to the government for a period of three-month, signaling that the central bank may increase its key policy rate in the range of 50-100 basis points early next month. The interest rate on financing for six and 12-month…
