Binance Founder Changpeng Zhao, known as CZ, has officially been appointed as a strategic adviser to the newly-formed Pakistan Crypto Council (PCC). The announcement was made during Zhao’s meeting with…
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SBP
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Business
SBP cuts policy rate by 200bps as inflation continues to decline
by NWMNewsDeskby NWMNewsDeskThe State Bank of Pakistan (SBP) on Monday slashed the key policy rate by 200 basis points (bps) to 13%, marking its fifth consecutive cut as inflation continues to drop.…
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The State Bank of Pakistan announced its decision to maintain the key policy rate at 22% in the latest Monetary Policy Committee (MPC) meeting. This move comes in the wake…
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The State Bank of Pakistan (SBP) has decided to maintain the status quo and keep the key policy rate unchanged at 22 percent to keep the aggregate demand in check,…
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Business
SBP wants banks engaged in forex business to establish wholly-owned Exchange Companies
by NWMNewsDeskby NWMNewsDeskAmid the presence of a grey market of the dollar, the State Bank of Pakistan (SBP) on Wednesday decided to introduce structural reforms in order to bring “transparency” in the…