The International Monetary Fund’s Executive Board has approved the disbursement of the latest tranche under Pakistan’s 37-month Extended Fund Facility, releasing funds after concluding a review mission that assessed the country’s progress on fiscal, energy and tax reform benchmarks. The approval brings total disbursements under the programme to well over half of its total value since the facility was approved...
BREAKING NEWS
SBP Cuts Policy Rate to 9 Percent as Inflation Eases Further, Signals Room for More Easing
The State Bank of Pakistan’s Monetary Policy Committee has trimmed the benchmark interest rate by 50 basis points to 9 percent, extending an easing cycle that has now brought borrowing costs down from the 22 percent peak reached during the height of the country’s inflation crisis. The central bank cited a sustained decline in headline inflation, which has hovered in...
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