• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

SBP decides to keep the interest rate unchanged at 7%

by News Desk
May 29, 2021
in Business, Economy
Reading Time: 1 min read
SBP
Share on FacebookShare on Twitter

The State Bank of Pakistan (SBP) has decided to keep the interest rate unchanged at 7 percent.

The central bank announced in a statement issued on Friday about the new monetary policy as approved by the Monetary Policy Committee (MPC), in its meeting held on May 28, 2021. The central bank has kept the interest rate unchanged at 7% for the fifth time.

Since its last meeting in March, the MPC was encouraged by the further upward revision in the FY21 growth forecast to 3.94 percent. The MPC noted that this confirms the strength of the broad-based economic rebound underway since the start of the fiscal year, on the back of targeted fiscal measures and aggressive monetary stimulus. This positive momentum is expected to persist, translating into higher growth next year.

Tags: Imran Khaninterest rateMPCPTISBPState Bank of Pakistan
News Desk

News Desk

Related Posts

Kazakhstan Airlines prepares to land first direct flight in Lahore

Kazakhstan Airlines prepares to land first direct flight in Lahore

Kazakhstan's SCAT Air Company will launch its first flight from Almaty to Lahore on July 8, 2023. The announcement was...

Sindh to present FY24 budget today

Sindh to present FY24 budget today

On June 10, the provincial authorities of the country's southeastern region will present the budget for the following fiscal year...

Pakistan working with friendly countries to restructure loans: Ishaq Dar

Pakistan working with friendly countries to restructure loans: Ishaq Dar

Finance Minister Ishaq Dar stated that the coalition government is in talks with friendly countries to restructure loans as the...

Budget 2023–24: Huge Tax Relief for Hybrid Vehicles

Budget 2023–24: Huge Tax Relief for Hybrid Vehicles

The fiscal budget for 2023-24 has finally been released, which is great news for Pakistan's hybrid automotive sector. According to...

PIA offers low fares with free baggage allowance for Islamabad-Beijing flights

PIA offers low fares with free baggage allowance for Islamabad-Beijing flights

From August 6, Pakistan International Airlines (PIA) will provide affordable fares with free luggage allowance for Islamabad-Beijing flights, making it...

Intra-day update: rupee remains stable against US dollar

Intra-day update: rupee remains stable against US dollar

During Friday's interbank trading, the Pakistani rupee remained basically stable against the US dollar. Around 12:30 pm, the rupee was...

Next Post
index

Record rise in KSE-100 index above 47,000 after four ears

Please login to join discussion

Recent Posts

  • CM Murad Ali Shah unveils Rs2.24 trillion Sindh budget
  • Kazakhstan Airlines prepares to land first direct flight in Lahore
  • Budget 2023-24 is growth-oriented, says Ishaq Dar
  • Twitter to start paying verified content creators in few weeks
  • Court stops police from arresting Shah Mehmood Qureshi

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk