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  • Monetary policy: SBP leaves policy rate on hold at 9.75%

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    [ad_1] State Bank of Pakistan Governor Reza Baqir addressing a press conference on January 24, 2022. — YouTube screengrab KARACHI: State Bank of Pakistan (SBP) Governor Reza Baqir announced Monday that the monetary policy has been maintained at 9.75% for the next two months — in line with market expectations. The central bank stated that in…

  • Monetary policy to be announced today

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    [ad_1] State Bank of Pakistan. — APP/File KARACHI: The State Bank of Pakistan (SBP) is expected to keep the policy interest rate unchanged at 9.75% for the next two months in view of the country’s economic situation, higher inflation reading, and the fifth wave of the COVID-19 pandemic, say financial pundits. The SBP’s Monetary Policy…

  • Auto Policy 2021-26: Sales tax slashed on local electric vehicles

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    [ad_1] File photo ISLAMABAD: The government on Wednesday announced a new Auto Industry Development and Export Policy (AIDEP 2021-26) under which sales tax on local electric vehicles (EVs) has been slashed from 17% to 1%. The policy aims to promote small cars, localisation, incentivise introduction of new products in tractors and motorcycles, consumer protection, and…

  • SBP increases policy rate by 100bps to 9.75%

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    [ad_1] Building of State Bank of Pakistan in Karachi. — AFP/File KARACHI: In a bid to counter inflationary pressures and to ensure that growth remains sustainable, the State Bank of Pakistan (SBP) on Tuesday announced an increase of 100 basis points in the benchmark policy rate, taking it to 9.75%. In a statement, the central…

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