Pakistan interest rates likely to be maintained, IMF will formally approve release of $1.1bn

KARACHI (Web Desk) – The State Bank of Pakistan (SBP) is set to hold the Monetary Policy Committee (MPC) meeting today (Monday) as the country has grappling with a severe financial crisis amid persistent inflation and high interest rates. It is widely believed that the MPC will hold the key policy rate at a 22 per cent which was raised to the current level in June and has been maintained since then during the last six meetings. On the other …