'Unexpected' decision: Why did SBP maintain the interest rate? pakistantoday.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakistantoday.com.pk Daily Mail and Mail on Sunday newspapers.
Pakistan Central Bank Leaves Key Rate Unchanged In Surprise Move menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
KARACHI: The State Bank of Pakistan unexpectedly left its benchmark interest rate steady at 22 percent on Thursday as it does not see any indications of an overheating economy or rising inflation.
When the military was called on to help defend Pakistan's ailing currency, licensed foreign exchange traders cheered while their black market rivals in the bazaars of Peshawar, Karachi and other cities shuttered their shops before they got taken away. The campaign against the informal market has worked. Tens of millions of dollars have poured back into Pakistan's interbank and openmarkets, dealers say, since raids on black market operators began on Sept. 6.