KARACHI: In a bid to tackle soaring inflation, the State Bank of Pakistan (SBP) approved a 150-basis point (bps) increase on Monday, taking the base interest rate up to 13.75% from 12.25%.  The decision came as Finance Minister Miftah Ismail traveled to Doha to hold talks with the International Monetary[...]

ISLAMABAD: The State Bank of Pakistan’s (SBP) decision to keep the interest rate unchanged at 13.25% in its bimonthly monetary policy has helped maintain the inflow of foreign investment, with the purchase of debt instruments exceeding $1 billion. According to the central bank’s data, the high-yielding, short-term treasury bills are[...]