SBP to announce new monetary policy on 16th

The State Bank of Pakistan (SBP) will announce

its new monetary policy on July 16th (Tuesday).

The Monetary Policy Committee of SBP is

scheduled to meet on Tuesday at SBP Head Office Karachi to decide about
Monetary Policy, according to a statement issued by the central bank.

SBP Governor Dr Reza Baqir will unveil the

decision of the MPC at a press conference on the same day, the statement
further added.

It is pertinent to mention that Pakistan’s

foreign exchange reserves dipped $189 million to $14,259.3 during the week
ending on July 5.