KARACHI: State Bank of Pakistan (SBP) on Saturday announced its monetary policy for the next two months and kept the policy rate unchanged at 5.75 percent.
The Monetary Policy Committee of the SBP after detailed deliberations, decided to maintain the policy rate at 5.75 percent.
According to SBP, the year-on-year CPI inflation rose to 3.6 percent in August 2016 from 1.8 percent in August 2015, while the average inflation during the first two months of the current fiscal year was more than double the same period last year.
-
Bitwise Crypto Industry innovators ETF: What investors should do in 2026? -
Nintendo shares slide again as momentum fears grow -
Gold, silver prices fallen sharply; What’s driving the drop? -
Gold’s record climb: Experts question if its safety is ‘overstated’ -
Dubai unveils plans to construct street built with real gold -
Netflix slams Paramount’s bid: 'Doesn't pass sniff test’ as Warner battle escalates -
Ubisoft: Shares plunge amid restructuring plan and wave of games cancellations -
Netflix revises Warner Bros. deal to $83 billion: All-cash offer