KARACHI: The State Bank of Pakistan (SBP) has announced a new monetary policy, raising the interest rate in the country by one percentage point. Effective immediately, the interest rate will increase from 10.5% to 11.5%. Economic experts attribute this rise in interest rates to uncertainty in global markets and the escalating prices of petroleum products, […]
KARACHI: The State Bank of Pakistan (SBP) has announced a new monetary policy, raising the interest rate in the country by one percentage point. Effective immediately, the interest rate will increase from 10.5% to 11.5%. Economic experts attribute this rise in interest rates to uncertainty in global markets and the escalating prices of petroleum products, […]
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