Tag: Pakistan

Status Quo likely in upcoming Monetary Policy

The State Bank of Pakistan (SBP)’s monetary policy committee will convene on Jan 22’21 to set interest rates for the next 2 months. We project the central bank to opt for a status quo and keep interest rates unchanged at 7.00%.Our stance is largely underpinned upon: 1) contained external accounts with a current account surplus… Continue reading Status Quo likely in upcoming Monetary Policy

Raast- Pakistan’s First Instant Payment System is here

Raast comes from the Urdu word “Raasta” which means “Direction or Way”, and so is the program launched this Monday, is anticipated to serve its purpose for the “Digital Pakistan Vision” of PM. It is the first major practical step taken to implement the “National Payments Strategy 2019” which State Bank of Pakistan (SBP) planned… Continue reading Raast- Pakistan’s First Instant Payment System is here