SBP likely to give yet another economic blow to countrymen

SBP likely to give yet another economic blow to countrymen
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KARACHI – State Bank of Pakistan (SBP) likely to give yet another economic blow 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 one percent in the new policy.

On the other hand, the value of the US dollar against the Pakistan rupee hit another all-time high at Rs149 after gaining Rs2 in the interbank market.

It is believed that the sudden devaluation of local currency against the US dollar and the greenback hitting an all-time high of Rs149 is interlinked with the government’s commitments to the IMF.

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