SHANGHAI: China will further cut interest rates to stabilise the economy, as shrinking China-US

However, most of the money went for budgetary support, which was considered non-productive for the economy.In FY24, the amount of budgetary support reached Rs7. 4tr while it was Rs3. 74tr in FY23.... The economic growth in FY24 remained 2. 52pc while the economy contracted by 0. 6pc in FY23.If the money goes to the government, it is considered unproductive since it has failed to bring down its current expenditures.... The SBP’s Monetary Policy Committee is scheduled to meet on Dec 16. However,

primary argument for a substantial rate cut is to stimulate economic growth, which remains alarmingly low

points cut in interest rate by the State Bank of Pakistan( SBP), terming the move not in line with

skip cutting rates at that meeting as policymakers take stock of how the economy is evolving....

maturity i.e. one year. The expected profit rate on three-year SITA has also been cut by 260bps to

interest rate cut in his first policy meeting, shifting the focus to boosting economic growth as global

whether the benchmark interest rate could be slashed further to lend support for borrowings in the market

NEW DELHI: Oil prices were stable on Monday, amid expectations that major producers would keep

to cut its key policy rate by 250 basis points( bps) to 15 per cent from 17. 5pc amid demands for a