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MPC

Current economic turnaround sustainable, says SBP’s Reza Baqir

Points towards current account balance as primary reason for Pakistan's ability to continue its growth momentum

Published 29 May, 2021 01:41pm

Business & Finance

SBP keeps interest rate unchanged at 7%

Announcement largely in line with market expectations * The MPC of the central bank was of the view that positive recovery momentum is expected to persist, translating into higher growth next year.

Published 28 May, 2021 06:10pm

Pakistan

SBP to announce Monetary Policy on Friday

The MPC would review key trends and prospects in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and inflation.

Published 26 May, 2021 07:40pm

Business & Finance

Expert anticipates policy rate to remain unchanged in upcoming MPC

“We expect the central bank to keep policy rate unchanged at 7 percent in the upcoming monetary policy statement,” said Arif Habib Limited in a report.

Updated 22 May, 2021 03:41pm

Pakistan

MPC meeting on 28th: Policy rate may be kept unchanged

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is most likely to keep the policy...

Published 21 May, 2021 05:04am

MPC meetings: State Bank introduces advance calendar

KARACHI: For the first time in the history, the State Bank of Pakistan (SBP) has introduced advance calendar of...

Published 21 May, 2021 05:04am

Business & Finance

SBP rolls out advance calendar of MPC meetings

It is pertinent to mention that a minimum of six MPC meetings are scheduled every year.
The SBP has lately taken a number of initiatives to modernize and increase transparency in the monetary policymaking process.

Published 20 May, 2021 01:35pm

Opinion

Private sector savings

The discount rate set by the Monetary Policy Committee (MPC) chaired by Governor State Bank of Pakistan (SBP) Dr ...

Published 17 May, 2021 06:14am

Business & Finance

Change in Polish rates possible from mid-2022, says central bank governor

"If there are reasons to change monetary policy, not a single month will be wasted and we will start it right away," Glapinski told a news conference. "In the light of today's knowledge we will probably start it in the middle of next year."
Inflation in Poland shot up to 4.3% in April, a flash estimate showed, coming in well above the central bank's target range of 2.5% plus or minus one percentage point.

Published 07 May, 2021 08:15pm

Business & Finance

Bank of Israel calls for more incentives to get people back to work

Five out of six MPC members had voted to keep Israel's benchmark interest rate at 0.1% on April 19, minutes of the discussions showed on Monday
"The opening of the economy and the return to normal life in Israel are expected to support continued rapid growth in the coming year," the minutes said.

Published 03 May, 2021 07:55pm

Editorials

MPS ahead of likely passage of SBP bill

EDITORIAL: The Monetary Policy Committee (MPC) of State Bank of Pakistan left the discount rate unchanged at 7...

Published 22 Mar, 2021 04:18am

Business & Finance

Economic growth forecast raised amid robust industrial growth, says Hammad

While still modest, at around 3 percent, growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid, stated MPC.

Published 20 Mar, 2021 01:11pm

SBP keeps policy rate unchanged at 7pc

KARACHI: While, noting the uncertainty around the inflation and growth outlook, the Monetary Policy Committee (MPC)...

Updated 20 Mar, 2021 02:29pm

Business & Finance

State Bank MPC: Policy Rate remains unchanged at 7pc

Growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid.
Looking ahead, as the temporary increase in inflation from administered prices wanes, inflation should fall to the 5-7 percent target range over the medium-term.

Updated 19 Mar, 2021 05:21pm

Business & Finance

SBP to announce MPS today

Later on, the SBP will issue the MPS to announce the decision of the committee for key policy rate.

Updated 19 Mar, 2021 12:03pm

Business & Finance

Market players expect no change in upcoming MPS

The SBP’s Monetary Policy Committee (MPC) is scheduled to meet on March 19 to decide about the monetary policy.

Published 17 Mar, 2021 10:35am

Business & Finance

SBP to announce Monetary Policy on Friday

Later on, SBP will issue the Monetary Policy Statement on the same day.

Published 16 Mar, 2021 01:23pm

Editorials

Monetary policy statement

EDITORIAL: The Monetary Policy Committee (MPC) in its statement dated 22 January 2021 decided to maintain the policy...

Published 25 Jan, 2021 04:23am

SBP maintains status quo third time in a row

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Friday decided to maintain the...

Published 23 Jan, 2021 03:56am

Business & Finance

State Bank MPC maintains policy rate unchanged at 7pc

There could be some changes in the projection due to change in electricity rates, and international oil prices but it will be temporary, said Baqir.
“It is very important that at present the monetary policy should convey a message of stability,” the SBP Chief said.
The yearly inflation rate is projected to remain at 7-9pc as previously announced.

Updated 23 Jan, 2021 10:52am

Business & Finance

SBP to announce MPS today

The SBP Monetary Policy Committee (MPC) will announce the new monetary policy for a period of two months.

Published 22 Jan, 2021 10:19am

Business & Finance

Market players expect maintenance of status quo in upcoming MPC

Financial market participants over the views on the upcoming monetary policy statement on January 22nd 2021 found that 75 percent expect no change in the policy rate in the upcoming MPS.

Updated 20 Jan, 2021 02:23pm

Markets

SBP's Monetary Policy Committee maintain policy rate at 7pc

On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.

Updated 23 Nov, 2020 04:08pm

Business & Finance

State Bank MPC on Monday

Back in September, SBP decided to keep the policy rate unchanged at 7 percent.

Published 20 Nov, 2020 10:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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