Tag: Financial Inflows
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Pakistan’s stock market surges to record high following IMF deal
On Monday, Pakistan’s stock market experienced a significant boost after the country secured a $7 billion loan agreement with the International Monetary Fund (IMF) over the weekend.
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State Bank of Pakistan maintains policy rate at 22% despite inflation concerns
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) convened today to deliberate on the prevailing economic conditions and has resolved to maintain the policy rate at 22 per cent for the fourth consecutive meeting.
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State Bank of Pakistan’s forex reserves decline to $7.02 billion amidst debt repayments
During the week ending December 1, 2023, the State Bank of Pakistan (SBP) witnessed a decline of $237 million in its foreign exchange reserves, bringing the total to $7,020.2 million. This reduction is attributed to debt repayments.