SBP increased interest rate by 12.25 per cent

KARACHI: The State Financial institution of Pakistan introduced the financial coverage on Monday rising the rate of interest by 12.25 per cent.

The rate of interest was elevated 150 foundation factors and beforehand stood at 10.75 per cent. SBP mentioned the present account deficit between July-March 2019 was decreased by 29 per cent.

The present account deficit of first 9 months of the fiscal 12 months remained $9.6 billion, SBP additional mentioned.

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