SBP to maintain discount rate in Monetary Policy

The Mint PK

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SBP to maintain discount rate in Monetary Policy

State Bank of Pakistan is scheduled to announce Monetary Policy today for the next two months where it is expected that Policy Rate/Discount Rate will be maintained at current level. With the change in CPI Inflation calculation methodology, Average

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Fiscal Deficit at all time high of Rs. 3.4 trillion

Pakistan's fiscal deficit for FY2018-19 stood at Rs. 3.445 trillion or 8.9% of total GDP as reported by the Ministry of Finance. This is the highest ever deficit in Pakistan's History. The fiscal deficit in 2017-18 stood at Rs. 2.26 trillion or 6.6%

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Pakistan’s Forex reserves increased to $15.5bn

As per State Bank of Pakistan's release, Pakistan's Foreign Exchange Reserves has increased by $557million to $15.577 billion at week ending 9th August 2019. The prime reason for an increase in foreign exchange reserves is healthy inflows of Foreign

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