Pakistan’s central bank kept its policy rate steady at 9.5 percent, saying further rate cuts have limited effect in stimulating growth and there are major risks to the medium-term inflation outlook.
    The State Bank of Pakistan (SBP), which cut policy rates by 250 basis points last year, said it would narrow the width of its interest rate corridor to 250 basis points from 300 points to minimize short-term volatility in interest rates, improve transparency and thus aid … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards