September 29, 2020

Central Bank To Declare Monetary Policy On Tuesday

The state bank of Pakistan will announce Monetary Policy on Tuesday, July 16, 2019.  After every two months, the (SBP) comes up with its Money Policy Statements.

Governor of Pakistan Dr. Reza Baqir will announce the verdict of the Monetary Policy Statement on the same day at 4:00 pm.

Meanwhile, Pakistan’s Foreign Exchange reserves dropped US$ 189 million to US$ 14,259.3.

Lastly, Monetary Policy Statement gives a quick overview of the economy and significant financial developments. Moreover, foreign reserves experience a reduction due to the country’s investment demands, along with external debts repayments.

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