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Pakistan Central Bank Holds Interest Rate At 12.00%
The State Bank of Pakistan maintained its discount rate unchanged at 12.00%. The Bank said: “In conclusion, despite moderate aggregate demand, pressure on rupee liquidity is likely to continue due to uncertain foreign inflows and substantial government borrowings to finance the fiscal deficit. Moreover, inflationary pressures have not eased significantly. It must be emphasized that sustainable economic recovery over [...]
The State Bank of Pakistan maintained its discount rate unchanged at 12.00%. The Bank said: “In conclusion, despite moderate aggregate demand, pressure on rupee liquidity is likely to continue due to uncertain foreign inflows and substantial government borrowings to finance the fiscal deficit. Moreover, inflationary pressures have not eased significantly. It must be emphasized that sustainable economic recovery over the medium term would call for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
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