Central bank's statement comes after certain sections of the media, on basis of a statement given by a deputy governor SBP, imply as if bank deposits above Rs500,000 are unsafe
Central bank's statement comes after certain sections of the media, on basis of a statement given by a deputy governor SBP, imply as if bank deposits above Rs500,000 are unsafe
Pakistan s central bank has decided to maintain its key interest rate at 22%, surprising analysts who expected an increase. The bank acknowledged that inflation would rise in September but anticipated a decline in October and beyond. Pakistan is grappling with rising inflation and diminishing foreign exchange reserves, while also dealing with political and economic crises.