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interest

SBP reduces interest rate by 100 bps to 7 percent

KARACHI: State Bank of Pakistan has reduced the key interest rate by 100 basis points to seven percent. The Monetary Policy Committee (MPC) of the central bank held a meeting on Wednesday and decided to reduce the policy rate based

Interest rate on National Savings certificates cut by 1%

ISLAMABAD: The Central Directorate of National Savings (CDNS) has reduced the interest rate by 1 percent on the savings certificates investment due to lower rates of Pakistan Investment Bonds (PIB). The rate of return on ‘Behbood Savings Certificates’ (BSC) has

SBP reduces interest rate by 100 bps to 8 percent

KARACHI: The State Bank on Pakistan on Friday announced the new monetary policy and reduced the key policy rate by 100 basis points to eight percent. The Monetary Policy Committee (MPC) said the decision was based on the inflation outlook