KARACHI: Nov 22, The State Bank of Pakistan (SBP) has announced to
review monetary policy on November 25,2022 (Friday).
Since taking over by Ishaq Dar, as a Finance minister in October last, SBP has not made any change in its policy rate.
The official statistics indicate the banks made profit up to 600 @% in Pakistan Tehreek e Insaf (PTI) rule and SBP’s policy to jack up interest rate on higher side was instrumental in gaining undue if not unlawful profit .
The central bank had revised policy rate in Mitah’s time and its strongly believe that Miftah intentional jacked up on higher side to give undue benefit to the commercial banks of Pakistan.
The Monetary Policy Committee of SBP will meet on Friday, November 25, 2022 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through a press release on the same day.
