ISLAMABAD – The State Bank of Pakistan (SBP) will announce its new monetarypolicy on July 16th (Tuesday).
The Monetary Policy Committee of SBP is scheduled to meet on Tuesday at SBPHead Office Karachi to decide about Monetary Policy, according to astatement issued by the central bank.
SBP Governor Dr Reza Baqir will unveil the decision of the MPC at a pressconference on the same day, the statement further added.
It is pertinent to mention that Pakistan’s foreign exchange reserves dipped$189 million to $14,259.3 during the week ending on July 5.