KARACHI . April 1, 2023: The Monetary Policy Committee of SBP will meet on Tuesday, April 04, 2023 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.
The SBP may further increase the interest rate to woo the International Monetary Fund (IMF) to unlock a bailout package of S 1.2 billion for Pakistan.
The government is already under pressure from business circles over unprecedented interest rate. SBP had fixed 20 % interest rate in its last review and now there is a possibility that the central bank may add 200 basis points to take the interest rate . Any upward revision in interest rate will only add burden of domestic loans on debt trapped Pakistan without contributing to keep a check on inflation.
