The State Bank of Pakistan( SBP) announced on Monday an increase of 25 basis points in the benchmark policy rate taking it to 7.25 per cent for the next two months effective from October 1, 2021." Since its last meeting in July, the Monetary Policy Committee( MPC) noted that the pace of the economic recovery has exceeded expectations," the SBP said in a statement, adding that the robust recovery in domestic demand, coupled with higher international commodity prices, was leading to a strong pick-
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2021-09-20 00:00:00.0