Tag Archives: says SBP

KARACHI: The State Bank of Pakistan (SBP) has denied any outflow of foreign exchange from the Roshan Digital Accounts (RDAs) being maintained by the overseas Pakistanis. In a tweet on Monday, the SBP rebutted the fake news taking rounds on the social media about large withdrawals from the RDAs and slowdown in inflows. “So far in April, inflows are very …

State Bank of Pakistan (SBP) kept interest rates on hold at 7 per cent on Friday as it sought to balance economic headwinds from the Covid-19 pandemic with the need to curb inflation. “The [Monetary Policy Committee] felt that the existing accommodative stance of monetary policy remained appropriate to support the nascent recovery while keeping inflation expectations well-anchored,” SBP said …