BUSINESS

SBP Maintains Current Interest Rate Of 13.25pc For Next Two Months

State Bank of Pakistan has announced the monetary policy for next two months and kept the rate of interest unchanged at 13.25 percent.

According to a press release, the rupee has strengthened modestly against the US dollar.

It is said that the external sector continued to show significant improvement with a sizeable reduction of around 32 percent in the current account deficit during finance year 2019.

The trend continued in the first month of finance year 2020 as well.

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