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KSE-100 Index drops 1.63pc as rate cut hopes fade

SBP maintains key rate at 22%, says inflation still high

SBP all set to replace currency notes in circulation

The plan includes introduction of new notes with significantly enhanced security features starting Feb 2024

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Latest

Cash-Strapped Pakistan Seeks Another $2 Billion Loan From Close Ally China

Pakistan seeks a USD 2 billion loan extension from China, alleviating economic pressure. The cash-strapped nation's financial challenges persists

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Pakistan cbank expected to hold rates steady ahead of elections: Reuters poll

Pakistan's central bank is widely expected to hold its key rate at 22% for the fifth policy meeting in a row on Monday, though an expected easing of inflation could leave the door open for rate cuts in the future, analysts said. It also comes in the midst of Pakistan's $3 billion Standby Arrangement (SBA) with the International Monetary Fund (IMF). Nine out of 10 analysts polled by Reuters predicted the State Bank of Pakistan (SBP) would keep interest rates unchanged on Monday, with one analyst predicting a 50 basis point (bps) cut.

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