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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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Military Men Want to Kickstart Pakistan's Green Revolution

(Bloomberg) Pakistan sees farming potential amid the rolling sand dunes of Punjab’s Cholistan desert. Here, in the South Asian nation’s vast central plains, the government plans to lease massive tracts of state-owned land to overhaul an outdated agriculture sector. Most Read from BloombergFed Sees Rates Staying High for Some Time With Cuts Eyed in 2024Saving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleTech Stocks Log Four-Day Losing Streak, Bonds Rise: Markets Wra ....

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