Karachi (Daily Pakistan Online) State Bank of Pakistan has announced a new monetary policy.
According to private TV Geo News, while announcing the new monetary policy, Governor State Bank said that the State Bank has increased the interest rate by 1 percent, the interest rate has been increased from 16 percent to 17 percent.
Governor State Bank says that the pressure of inflation remains, if the pressure continues, then inflation may increase. can
Governor State Bank said that there is a tendency to increase in inflation, the interest rate has been increased to control inflation, inflation is strong and stability in prices is necessary. It affects our reserves, we are running according to our target, dollars are not coming, due to which there is pressure on the foreign exchange reserves.
Governor State Bank said that after the ninth review of the IMF, dollars will come, after which the pressure on the foreign exchange reserves will decrease.
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