Latest monetary policy has been announced today for the period of two months ahead of August and September ,2011, by the acting governor of State Bank of Pakistan. It's the first monetary policy of the current financial year.
Interest rate or more precisely dicount rate has been reduced by 50 basis points. Now it will be 13.5 %. It was at 14% earlier. This is a good news especially for stock markets . Financial cost of highly leveraged companies will reduce significantly that will increase their profitability.
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