25

Jan

SBP keeps policy rate unchanged at 9.75pc

By Shahid Iqbal Published in DAWN on January 25, 2022 KARACHI: The State Bank of Pakistan (SBP) has kept its benchmark interest rate unchanged at 9.75 per cent in its latest monetary policy and signalled that borrowing costs would remain steady for now, as recent tax increases were expected to curb demand and reduce the country’s budget […]

24

Jan

The reality gap

By Maleeha Lodhi Published in DAWN on January 24, 2022 PRIME MINISTER Imran Khan was right to assert at the launch of the National Security Policy (NSP) that for long it was military security that determined the country’s strategy. Offering a comprehensive approach by placing as much emphasis on the security of citizens as state security is[…]

Growing exchange rate challenges

By Mohiuddin Aazim Published in DAWN on January 24, 2022 In six months and 20 days of the current fiscal year (between July 1, 2021, and Jan 20, 2022,) the rupee has lost 12 per cent value against the US dollar. On June 30 last year, the rupee closed at 157.54 per dollar in the interbank market;[…]