KARACHI – State Bank of Pakistan (SBP) likely to give yet another economicblow to countrymen.
SBP will announce monetary policy for next two months on May 20.
The State Bank has also issued a statement in this regard.
Meanwhile, experts said that the interest rate is likely to increase by onepercent in the new policy.
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On the other hand, the value of the US dollar against the Pakistan rupeehit another all-time high at Rs149 after gaining Rs2 in the interbankmarket.
It is believed that the sudden devaluation of local currency against the USdollar and the greenback hitting an all-time high of Rs149 is interlinkedwith the government’s commitments to the IMF.
