• Download the Constitution of Pakistan
  • Advertise
Friday, July 11, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

SBP likely to raise interest rate to unlock IMF loan programme

by News Publishing
April 3, 2023
in Business, Finance
Reading Time: 2 mins read
0
SBP likely to raise interest rate to unlock IMF loan programme
Share on FacebookShare on TwitterLinkedinWhatsapp

 State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 percent at the upcoming meeting of the Monetary Policy Committee (MPC) to unlock the stalled IMF loan program.

The International Monetary Fund (IMF) and Pakistan were supposed to sign a staff-level deal on February 9.

Tomorrow, the Monetary Policy Committee (MPC) will convene to talk about the interest rate. According to sources with knowledge of the situation, the interest rate may increase from 20 to 22 percent to satisfy an IMF requirement.

The International Monetary Fund (IMF) has reportedly requested that the interest rate be raised to be close to the inflation rate, they added.

The government led by Prime Minister Shehbaz Sharif is making desperate attempts to obtain desperately needed funds, but the IMF does not appear to be pleased with the previous actions done by the incumbent government.

Monetary policy: SBP jacks up the interest rate to 20pc

The State Bank of Pakistan (SBP) increased the monetary policy rate to 20% on March 2 by 300 basis points.

“In light of recent external and fiscal adjustments, this move shows deterioration in the inflation outlook and expectations. According to the statement, the Monetary Policy Committee (MPC) “believes that this outlook justifies a robust policy response to anchor inflation expectations around the medium-term goal of 5-7 percent.

Tags: IMFIMF loan programmeinterest ratelatestMPCSBP
News Publishing

News Publishing

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

by News Publishing
June 24, 2025
0

The Government of Pakistan is working on securing two foreign loans totaling $3.3 billion from Chinese financial institutions, aimed at...

Next Post
Azerbaijan Airlines set to start direct flights to Pakistan to boost tourism

Azerbaijan Airlines set to start direct flights to Pakistan to boost tourism

About Us

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

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters