Karachi ; The Monetary Policy Committee (MPC) of SBP will meet on Monday, January 27, 2025 to decide about the Monetary Policy, the central bank said in an announcement.
SBP Governor Mr. Jameel Ahmad will announce the Monetary Policy decision at
a press conference on the same day after the MPC meeting.
SBP has reduced the policy rate from 22% to 13 on demand of the business community. In the recent years , the policy rate as high as 22% caused irreparable loss to the businesses and commercial activities in Pakistan.
The business community kept wailing against unbearable policy rate for more than three years, but SBP rather listening to its calls kept protecting the interest of the powerful banking mafia.
Finally, SBP started to taper down the policy rate when the ultimate powerful circles questioned SBP role in jacking up the policy rate at 22 %. These powerful circles also grilled the banks top management and asked it as to how the banks profit surged by 600 % in 2022 when Pakistan was literally on the verge of default.
NEWSMAN kept highlighting SBP’s dirty role in fixing up the policy rate at 22 % for over three years. Since SBP had a collusion with the banking mafia it simply ignored NEWSMAN’s whistle blowing.
Even today when the policy rate is 13 % its favouring the banking mafia . Actual policy rate should have gone down to 7 % when government itself claims that Pakistan ‘s inflation has gone down to below 4 %.
