Tag: interest rates
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Car financing in Pakistan drops 20% in July amid rising prices and interest rates
Car financing in Pakistan witnessed a significant decline in July 2024, as soaring vehicle prices and elevated interest rates continued to dampen consumer demand.
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Profit margins slashed for select National Savings Schemes
The Central Directorate of National Savings (CDNS) has announced a reduction in profit rates for several of its National Savings Schemes, while rates for other schemes remain unchanged.
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State Bank of Pakistan cuts policy rate to 20.5%
The State Bank of Pakistan (SBP) has reduced its key policy rate by 150 basis points to 20.5 per cent, marking the first rate cut in nearly four years.
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US Federal Reserve holds interest rates steady for sixth consecutive meeting
The US Federal Reserve has once again left interest rates unchanged, maintaining its current rate at 5.25 per cent to 5.5 per cent.
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Inflation in Pakistan dips to 20.7% in March
Pakistan witnessed a significant downturn in headline inflation as it dipped to 20.7 per cent year-on-year in March, according to the latest data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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SBP gears up for monetary policy meeting amid rate cut speculations
The State Bank of Pakistan (SBP) has scheduled a meeting of its Monetary Policy Committee (MPC) for Monday, March 18, 2024, to deliberate on the nation’s monetary policy, as announced by the central bank on Friday.
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Factors behind the continuous decline in car financing in Pakistan
In January 2024, the automobile financing sector in Pakistan witnessed a significant downturn, as car financing recorded a notable decrease to Rs246.26 billion.
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Monetary policy committee maintains status quo: SBP keeps policy rate at 22% to tackle elevated inflation
In a decision announced on Monday, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has opted to maintain the status quo, retaining the key policy rate of 22 per cent.
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Pakistan sees 18th straight month of decline in auto financing
In December 2023, automobile financing in Pakistan recorded a significant decline, reaching Rs251.25 billion, marking a 25.55 per cent year-on-year drop and a 2.26 per cent month-on-month decrease.
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Interbank closing: Pakistani rupee gains 10 paisa against US dollar
The Pakistani rupee (PKR) demonstrated resilience for the third consecutive session against the US dollar (USD), marking a 0.04 per cent appreciation in the interbank market on Thursday, according to the State Bank of Pakistan (SBP).