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The State Bank of Pakistan has increased the policy rates to 15 percent

The State Bank of Pakistan has increased the policy rates to 15 percent on Long Term Financing Facility, LTFF, while maintaining the rate for Export Led Financing Schemes, EFS at 10 percent, keeping a margin of 500 basis point. The question is; can we control inflation by making the working capital expensive, when the price hike is mostly due to imported energy, and the blowback of abolishing subsidies? Click the link to watch an exclusive analysis by Dr. Abid Suleri, Executive Director, SDPI...

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