5 surprises from the Monetary Policy of SBP

The Mint PK

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5 surprises from the Monetary Policy of SBP

Governor State Bank of Pakistan Announced Monetary Policy for the next two months where it raised Policy Rate by 100 bps to 13.25%. It was a proactive move taken in continuation of Hawkish Monetary Policy where SBP has already raised 750bps since the

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SBP increases Policy rate by 100 bps

Governor State Bank of Pakistan Reza Baqir announces an increase in Policy Rate of the State Bank by 100 bps. The new Policy Rate stands at 13.25%. Previously, analysts have forecasted 100-150 bps increase in Interest Rates as looming pressure of In

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ECNEC approves projects worth Rs.335 billion

Executive Committee of the National Economic Council (Ecnec) met on Monday where it approved thirteen development with Total Cost around Rs335billion, including Dasu hydropower project cost revision. Adviser to the Prime Minister on Finance and Reve

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Monetary Policy on 16 July; 100 bps increase likely

The Monetary Policy Committee (MPC) of the State Bank of Pakistan is scheduled to meet tomorrow (16th-July-2019) to announce monetary policy. Analysts are expecting a further increase to the tune of 100-150bps in the Policy rate in this Monetary Poli

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Government launches android app for Hajjis Guidance

In order to help Hajjis (pilgrims) during their stay in Saudi Arabia for Haj, the Ministry of Religious Affairs has launched multiple Android Mobile Applications for various hajj related things. The Hajj operations ha already started from 4th of July

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FBR to launch consolidated Salex Tax Portal

In a major development towards ease of doing business initiative, the Federal Board of Revenue (FBR) and all the provinces have agreed to implement a single online portal for taxpayers to file their sales tax returns. The portal will be launched by

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CNIC requirement for Buyers may slow down economy

Amendments in the Sales Tax Act now requires businesses to obtain CNIC from buyers purchasing goods worth more than Rs. 50,000 Overall Tax collection and GDP growth expected to take a hit as the economic activity slows down In order to document

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