Interest rate by State Bank of Pakistan increased by 1.25% to 15%.

[Jungibaaz]

SBP has no choice but to respond to inflation and also protect the value of money by these giant increments in rates. Let's see how far this goes. If oil prices do fall and global inflation does peak as some analysts are now suggesting, then perhaps at least one of the headwinds can be reduced. Medium term however, the latest IMF programme is just beginning, don't expect normal inflation rates, monetary and fiscal policy, or any half decent growth for a while.

 

[Enigma SIG]

https://twitter.com/x/status/1545057558586871809

Pakistan Destruction Movement.