The State Bank of Pakistan (SBP) will decide on the interest rates at the monetary policy meeting on Monday, January 24. A majority of experts believe the interest rate will remain unchanged. The central bank would hold its monetary policy committee meeting to decide the interest rates for the next 45 days. Financial experts have been anticipating the interest rate to stay unchanged or increase, saying a decrease in the interest rate is highly unlikely amid rampant inflation in the country. The SBP has followed a strict monetary policy for the first six months of the fiscal year 2021-22, jacking up the interest rates to 275 points or 2.75% from July to December. The interest r.
A bearish trend gripped the Pakistan Stock Exchange for a third consecutive day on Wednesday. It lost 673.98 points off the KSE-100 index and the market closed at 44,833.44 points. Of the 360 companies traded, the share price of 289 ended in the negative, resulting in a cumulative loss of market capitalization of Rs99.97 billion. Shares of 60 scripts gained value and 15 remained unchanged. Broker experts have pegged the bearish trend over the uncertainty on a loan review by the International Monetary Fund (IMF). However, the review date has been announced and a meeting of the Executive Board is set for January 28. The board will approve a $1 billion loan tranche for Pakistan if.