YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
No image

State Bank of Pakistan says inflation in country to stay high for a year

Islamabad [Pakistan], July 8 (ANI): Inflation in the country will remain in the range of 18-20 per cent this fiscal year, according to the State Bank of Pakistan (SBP).
Dawn newspaper reported that the central bank had hiked its benchmark interest rate to the highest level since 2008 on Thursday, raising the borrowing cost by 125 basis points (bps) to 15 per cent amid multi-year high inflation.
“This combined action conti