The foreign exchange reserves of the State Bank of Pakistan (SBP) reduced by USD 784 million and reached a nearly four-year low of USD 6.72 billion during the week that ended on December 2, Dawn reported citing the central bank. The central bank data noted that the State Bank of Pakistan’s reserves […]
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State Bank of Pakistan says inflation in country to stay high for a year
Inflation in the country will remain in the range of 18-20 per cent this fiscal year, according to the State Bank of Pakistan (SBP). Dawn newspaper reported that the central bank had hiked its benchmark interest rate to the highest level since 2008 on Thursday, raising the borrowing cost by 125 basis […]