What is the latest Policy Rate of State Bank of Pakistan revised in March 2020?
Correct answer: D. 12.50%
- A. 10%
- B. 12%
- C. 13%
- D. 12.50%
Explanation
The State Bank of Pakistan cut its policy rate from 13.25% to 12.50% in March 2020 as the economic impact of COVID-19 emerged. The 12.50% figure was the rate applicable after that revision.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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