State Bank of Pakistan announces monetary Policy
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KARACHI: The State Bank of Pakistan decided to maintain the interest rate at 5.75 percent, it announced on Saturday.
Addressing a press conference to announce the monetary policy for the upcoming two months, Governor State Bank of Pakistan Ashraf Mahmood Wathra stated that the interest rate would remain unchanged at 5.75 percent.
Wahtra said during the press conference that Pakistan's energy situation had improved.
He also said that Pakistan's economy had nothing to fear from the surging prices of oil. Wahtra claimed that the situation with regard to private sector's loans had improved.
