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State bank maintaining interest rates to 10 percent forthcoming 2 months

Karachi( September 21, 2014) The State Bank of Pakistan announced the monetary policy for the next two months, according to which 10% of the basic rate of interest is determined to maintain.The State Bank of Pakistan announced the monetary policy for the next two months,

SBP to announce monetary policy Ashraf Mahmood wathera said that the country’s economic situation is improving, 15-2014 start of the fiscal year, the country’s economy has improved. SBP Governor said that the country’s economy a positive sign, because thanks to the stability in the foreign exchange market foreign exchange reserves by the middle of July reached 9.4 billion dollars.

Governor SBP said that government borrowing is reduced, the fiscal year 1446 13-2012 billion of government debt from banks in the current fiscal year to 303 billion in government debt only, the other side, the Consumer Price Index (CPI) for the second year, 8.6% of the single digits while braqrar expected that it will reach 7.5 percent more.

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