Pakistan Keeps Rate Unchanged
World Economy

Pakistan Keeps Rate Unchanged

Pakistan’s central bank kept its key policy rate unchanged at 5.75% on Saturday, citing steady remittances and low oil prices, Reuters reported. State Bank of Pakistan Governor Ashrah Mahmood Wathra told a news conference that foreign direct investment is projected to increase as work on projects under the $46 billion China-Pakistan Economic Corridor gains momentum. Pakistani’s $250 billion economy is growing at the fastest pace in eight years, but it has struggled to attract large-scale investment and is counting on planned CPEC roads, a deep-water port and several energy projects for a boost.

Short URL : http://goo.gl/qzwj9n
  1. http://goo.gl/dlp0XU
  • http://goo.gl/3m46vL
  • http://goo.gl/Hkc8m1
  • http://goo.gl/oMpaQL
  • http://goo.gl/AgtfHR

You can also read ...

Greece Remains Under Supervision
Greece will remain under supervision after it exits its...
 An overwhelming 86% of Germans believe their economy is doing well, up from 75% last year.
Conditions for investors around the world are getting worse....
Tax Reform  Can Boost  US Economy
The American electorate is more than ready for Washington...
Pak GDP Growth Predicted at 10% Over 10 Years
Researchers from Harvard University’s center for international...
Britons have been borrowing heavily through personal loans and credit cards over the last 18 months.
Consumer borrowing grew at almost 10% in August, official...
South Korea’s jobless rate has risen steadily in recent years.
South Korea’s unemployment rate has risen steadily in the past...
Jordan Economy Continues to Grow
While the public sector continues to play a prominent role in...
China Rust Belt Opens Doors
Trucks carrying hi-tech car components rumble in and out the...