State Bank of Pakistan has decided to keep the policy rate unchanged at 13.25 percent for the next two months.
Announcing the monetary policy decision at a news conference in Karachi today, Governor State Bank of Pakistan Dr. Reza Baqir said interest rate has not been changed as inflation rate is expected to remain at 11 to 12 percent this year. However, he said, the improvements in supply are likely to reduce the inflation rate.
He said economic stability is further improving with job creation expected to rise. He said agricultural production may not meet its target this year.
He said an increase of one hundred billion rupees is being made in working capital scheme.