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Pakistan

State Bank Slashes Interest Rates by 1.5%

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SBP cuts policy rate by 150bps to 20.5pc in line with expectations Islamabad: The State Bank of Pakistan has taken a significant step to bolster economic momentum by announcing a substantial 1.5% reduction in interest rates. This move sees…
Pakistan

State Bank to remain closed on May 1

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The State Bank of Pakistan will be closed on May 1, tomorrow, due to a public holiday on the occasion of Labour Day. According to a press release issued by the State Bank, the SBP will remain closed on May 1 (Wednesday) on the occasion…