The following table is a historical summary of State Bank of Pakistan’s monetary policy decisions.
Pakistan, the world’s second-largest Muslim nation, plans to expand its Shariah-compliant banking industry and attract more investors from the Persian Gulf by boosting sales of sukuk bills.
Pakistan’s central bank said new Islamic banking rules will help meet a goal of almost doubling the industry’s market share to 15 percent in five years.
Pakistan’s central bank left its benchmark interest rate unchanged after two straight increases, pausing even after the International Monetary Fund warned that reserves had fallen to a “critically low” level.
Pakistan’s central bank will sell 90 billion rupees ($1.05 billion) of treasury bills in an auction today at yields higher than in the previous sale, according to a Bloomberg survey.
The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest.
Pakistan’s central bank will sell 75 billion rupees ($872 million) of treasury bills today at yields higher than in the previous auction, according to a Bloomberg survey.
Pakistan named Shahid Kardar as central bank governor, filling a three-month void that’s seen the nation’s most destructive floods slash economic growth and fuel inflation.