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Pakistani central bank to maintain policy rate at 15 pct

ISLAMABAD, Oct. 11 (Xinhua) — The State Bank of Pakistan (SBP) on Monday announced to maintain the policy rate at 15 percent as part of its monetary policy.

“Based on currently available information, the gross domestic product (GDP) growth could fall to around 2 percent in the fiscal year (FY) 2023 (from July 2022 to June 2023), compared to the previous forecast of 3 to 4 percent as the recent floods have alter