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State Bank Raises Interest Rate, New Rate Set at 11.5 Percent

1 week ago
State Bank Raises Interest Rate, New Rate Set at 11.5 Percent

Karachi (Business Desk) The State Bank of Pakistan has announced a new monetary policy and increased the interest rate in the country.

According to the statement, the interest rate has been raised from 10.5 percent to 11.5 percent, with the aim of controlling economic pressure and inflation trends.

According to economic experts, the main reasons behind the recent decision include global uncertainty, tensions in the Middle East, and possible increases in petroleum product prices.

Experts say that an increase in interest rates may have a direct impact on inflation, as rising fuel prices also affect the prices of daily-use items, which may increase economic pressure on the public.


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Category: Business & Economy