Pakistan, Sept. 22 -- The State Bank of Pakistan (SBP) Monday decided to keep the policy rate unchanged at 7 percent.

The SBP said the Monetary Policy Committee of the bank met Monday under the chairmanship of Governor SBP, Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent. "The State Bank of Pakistan's Monetary Policy Committee met under the chairmanship of Governor Dr Reza Baqir and decided to keep the policy rate unchanged at 7 percent," the bank said.

In a press release, the SBP noted that business confidence and the growth outlook in the country had improved since the last meeting held by the central bank in June.

"This reflects the decline in Covid-19 cases in Pakistan and the easing of lockdowns, as well ...