The State Bank of Pakistan (SBP) on Thursday raised the benchmark interest rate by a significant 300 basis points (bps) to 20 per cent as Pakistan is desperate to unlock the critical $1.1 billion funding from the International Monetary Fund...
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The Pakistani rupee plunged by over Rs 18.89 against the US dollar in intraday interbank trade, hours ahead of the central bank's monetary policy review...
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The impact of second Covid wave wane and aggregate demand gains firmer ground, the RBI said in its monthly Bulletin for August...
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