Policy rate change on the cards

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The Pakistan Tehreek-e-Insaf (PTI) government was elected to office on the promise of creating ease of doing business, envisaging reduction of bureaucratic morass, lower utility rates for the business to propel their capacity in the economy, but it all became redundant when the State Bank of Pakistan (SBP) Governor Reza Baqir raised the interest rates to 13.25 percent on July 16, a 150 basis points increase.

DailyTimes, 15 Sep, 2019

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