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The State Bank of Pakistan announced the monetary policy, the interest rate increased to 16 percentFGN News

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FGN News,

The State Bank of Pakistan announced monetary policy and increased the policy rate by 100 basis points to 16 percent.

According to the announcement of the State Bank, the State Bank increased the interest rate by one percent, which then increased from 15 percent to 16 percent. According to the statement of the State Bank, the purpose of the decision is also to stabilize the financial sector.