SBP’s decision of reducing 75 bps to 12.50 percent does not reflect market sentiment, Mian Anjum Nisar, President FPCCI

Mian Anjum Nisar President, Federation of Pakistan Chambers of Commerce and Industry said that the SBP decision seems totally against the global wisdom under prevailing drastic conditions of the life…

Continue ReadingSBP’s decision of reducing 75 bps to 12.50 percent does not reflect market sentiment, Mian Anjum Nisar, President FPCCI

State Bank of Pakistan announces three measures to meet challenges posed by the spread of COVID-19

First, the Monetary Policy Committee (MPC) of the SBP cut its policy rate by 75 basis points. As noted in the accompanying Monetary Policy Statement, the dominant development since the…

Continue ReadingState Bank of Pakistan announces three measures to meet challenges posed by the spread of COVID-19