State Bank of Pakistan likely to raise interest rate to unlock IMF loan programme

Karachi [Pakistan], March 23 (ANI): The State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 per cent at the ensuing meeting of the Monetary Policy Committee (MPC) in an attempt to unlock the delayed International Monetary Fund (IMF) loan programme, reported the News International.

The IMF and Pakistan were supposed to sign a staff-level deal on February 9.

The Shehbaz Sharif-led government is adopting d