The State Bank of Pakistan decided to maintain the interest rate at 5.75 percent.
Governor State Bank of Pakistan Ashraf Mahmood Wathra, addressing a press conference to announce the monetary policy for the upcoming two months stated that the interest rate would remain unchanged at 5.75 percent.
Wahtra said that Pakistan’s economy had nothing to fear from the surging prices of oil. Wahtra claimed that the situation with regard to private sector’s loans had improved.
Wahtra claimed that Pakistan’s energy situation had improved.
The Governor State Bank further said that an increase had been recorded in income which should be taken positively.
“Production capabilities of the country will improve,” he said.
He said that the government did not get Coalition Support which caused hardships.
