Sign in Subscribe
  • E-Papers
    • Profit Magazine
    • Pakistan Today
  • Headlines
  • Featured
  • Opinion
    • Comment
    • Editorial
  • Tech
    • Artificial Intelligence
  • World
  • Satire
Sign in
Welcome!Log into your account
Forgot your password?
Create an account
Sign up
Welcome!Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
Search
Sign inSubscribe
Profit Profit by Pakistan Today
Profit Profit
  • E-Papers
    • Profit Magazine
    • Pakistan Today
  • Headlines
    • FOREX

      Foreign exchange rates in Pakistan for today, June 03, 2025

      Headlines

      Chashma-5 Nuclear Power Plant to add 1,200 MW to national grid

      Headlines

      Gold price in Pakistan for today, June 03, 2025

      Headlines

      Govt earmarks Rs288 billion investment to boost productivity of state-owned enterprises

      FBR

      Provinces to seek cabinet approval for GST on services, set up…

  • Featured
    • Agriculture

      Cotton is no longer Pakistan’s White Gold. It is a ghost…

      Editor’s picks

      Fitch Endorses What the Government Has Been Claiming

      Editor’s picks

      Brandon Timinisky’s new venture Zar raises $7M to bring stablecoins to…

      Cover story

      Salaried Pakistan

      Editor’s picks

      Engro makes bold bet on mobile towers as Jazz bows out

  • Opinion
    • AllCommentEditorial
      Comment

      Reminder: Maryam Nawaz’s crusade to turn Punjab into a dictatorship continues

      Comment

      The Chashma-Jhelum Link Canal Question

      Comment

      Govts are initiating AI projects. Can Sovereign AI be a national…

      Editorial

      The miracle called the HBL PSL

  • Tech
    • AllArtificial Intelligence
      Tech

      Google to spend $500 million on compliance overhaul in antitrust case

      Artificial Intelligence

      Meta plans AI-powered ad creation and targeting by end of next…

      Tech

      Starlink faces pushback over potential interference with South Africa’s SKA telescope

      Tech

      Microsoft to invest $400 million in Swiss cloud and AI infrastructure

  • World
  • Satire

SBP expected to hike interest rates by 25 to 50 basis points for next two months

By
Monitoring Desk
-
March 29, 2018
0
258
Facebook
Twitter
Linkedin
WhatsApp
Email

    KARACHI: The State Bank of Pakistan on Friday is expected to hike the interest rates for coming two months in its monetary policy to be unveiled on March 30th.

    Experts have projected a 25 to 50 basis points hike in key policy rate by State bank of Pakistan in light of rupee’s devaluation last Tuesday, which sparked fears of stoking a rise in inflation, reported an English daily.

    In the previous monetary policy unveiled in January, the central bank had hiked the interest rate by 25 basis points to reach 6 percent.

    The hike in interest rates was carried out to overcome challenges at the economic front and previously the interest rates had remained unchanged for twenty months till January’s increase by SBP.

    Last week, the central bank in its second such intervention since December allowed the rupee to devaluate 4.43 percent due to balance of payments pressure, widening current account and trade deficit and falling foreign exchange reserves.

    Current account deficit ballooned 50 percent to $10.826 billion during the July-February of FY 2017-18.

    In a recently released IMF post-programme monitoring report, it advocated for further measures in terms of exchange rate flexibility and interest rate rises to resolve external account weaknesses and rein in expected rise in inflation because of rising oil prices.

     

    • TAGS
    • current account deficit
    • interest rates
    • Monetary Policy
    • State Bank of Pakistan
    Facebook
    Twitter
    Linkedin
    WhatsApp
    Email
      Monitoring Desk
      Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

      RELATED ARTICLESMORE FROM AUTHOR

      Headlines

      Current account deficit narrows by 91% in October, stands at $74m

      Top News Updates

      SBP projects 2-3 % GDP growth in 2023-24

      Top News Updates

      Naya Pakistan Certificates rate of return revised again to foster investment

      Whatsapp Newsletter
      Email Newsletter News Tips
      Profit by Pakistan Today
      Publishing Editor: Babar Nizami -- Editor Multimedia: Umar Aziz Khan -- Senior Editor: Abdullah Niazi -- Editorial Consultant: Ahtasam Ahmad -- Business Reporters: Taimoor Hassan | Shahab Omer l Zain Naeem | Nisma Riaz | Mariam Umar | Hamza Aurangzeb | Shahnawaz Ali | Ghulam Abbass | Ahmad Ahmadani | Aziz Buneri -- Sub-Editor: Saddam Hussain -- Video Producer: Talha Farooqi -- Director Marketing : Mudassir Alam | Regional Heads of Marketing: Agha Anwer (Khi) | Kamal Rizvi (Lhe) | Malik Israr (Isb ) -- Manager Subscriptions: Irfan Farooq -- Pakistan’s #1 business magazine - your go-to source for business, economic and financial news.
      Contact us: profit@pakistantoday.com.pk
      • Privacy policy
      Copyright © 2025. Pakistan Today. All Rights Reserved.