KARACHI: The State Bank of Pakistan on Saturday announced Monetary Policy maintaining 10 percent interest rate on the back of easing inflation and strong growth in some economic sectors.
The decision was taken in a meeting of the Central Board of Directors of the State Bank, chaired by Acting Governor SBP Mahmood Wathra.
The rupee has appreciated by more than 7 percent since the beginning of the month due to an increase in foreign investment and remittances from overseas Pakistanis as well as several foreign loans aimed at propping up the economy.
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