InfoAnda - Pakistan keeps interest rate unchanged

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Hugh Hefner's Wedding Special Back On with a new theme | 29 June 2011
Analysis: As Dutch zeal for Europe wanes, election brings risks | | 22 August 2012
Apple says to open second flagship store in China | 8 July 2010

Turkey wedding bloodbath puts militia in spotlight | International | | 6 May 2009

Forum Views () Forum Replies ()

Read more with google mobile : Pakistan keeps interest rate unchanged

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Pakistan keeps interest rate unchanged AFP - Sunday, January 30 Send IM Story Print Pakistan keeps interest rate unchanged Slideshow: Full Photo Coverage: Business & Economy KARACHI (AFP) - – Pakistan's central bank on Saturday kept its benchmark interest rate unchanged at 14 percent, while asking the government to spell out a clear and coherent strategy for the economy. The governor of the State Bank also blamed government lending for adding to the country's rising inflation, which has been exacerbated by a huge floods. "The State Bank is aware of the delicate balance that needs to be struck between risks to inflation and economic growth," Shahid H. Kardar said at a press conference while unveiling his bimonthly monitory policy. He added it was because of this reason that the bank decided to keep the policy rate unchanged. "Delays in crucial economic reforms have increased challenges for the management of the economy. Despite high interest rates, the fiscal deficit and borrowings from the banking system is continuing to stoke inflationary pressures," he said. "All this is impeding economic recovery and increasing the debt burden of the country. However, an improved external current account and stable financial markets allow for some optimism." "Under these challenging circumstances, a proactive monetary policy is necessary but not sufficient to tackle high and persistent inflation," said the governor. Kardar said inflationary pressures that were already high at the beginning of the current fiscal year that started on July 1, and remained at elevated levels until the end of 2010. In December average inflation stood at 14.6 percent, he said. "Not only did the contributing factors of inflation continue to prevail the first half of the current fiscal year, the economy also experienced an additional shock in the form of unprecedented devastating floods," he said. "To bring inflation under better control, the critical measures would be fiscal consolidation and reduction in fiscal deficit and government borrowings from the State Bank," he said. Kardar called on the government to spell out a strategy to boost the economy. "This is all the more important," he said referring to the postponement of tax reforms and reversal of the decision of increasing retail prices of petroleum products. "These actions have made it difficult to raise external resources for budget financing." The bank blamed rising inflation on relentless government borrowing and the fallout from catastrophic monsoon flooding, saying prices could continue rising by double digits into the next fiscal year. The central bank has increased interest rates 150 basis points in past five months, "to mitigate risks to macroeconomic stability". Inflation declined to just over 10 percent in late 2009 after peaking at 25 percent in November 2008. Recommend Send IM Story Print Related Articles India courts new money as investment slides AFP - 29 minutes ago MOVES-Dubai's Gulf Navigation names Garwood as CFO Reuters - 33 minutes ago US-BUSINESS Summary Reuters - 2 hours 30 minutes ago MIDEAST STOCKS - Factors to watch - Jan30 Reuters - 2 hours 56 minutes ago Fight to finish on US-S.Korea trade pact AFP - Sunday, January 30 News Search Top Stories Gulf stock markets down on Egypt concerns Ivory Coast ballot recount 'grave injustice': Ban 'Milestone' WTO ruling due in EU-US Boeing battle Irish senate passes bailout bill ahead of election Saudi bourse plunges 6.43% on Egypt tensions More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Charlie Sheen rushed to hospital after 'wild' party Flu epidemic shuts all Moscow schools Saudi bourse plunges 6.43% on Egypt tensions US growth hits highest level in five years France says troubled euro has 'turned the corner' More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 30 January 2011
Afghan suicide bomber kills Kandahar deputy governor
Cardinal tells Italian media to curb sex obsession
Tunis shopkeepers turn against protesters |
Instant View
Doha trade deal deadline fixed 'for July'
U.S. says Mubarak can't just "reshuffle the deck"
Saudi bourse plunges 6.43% on Egypt tensions
Mubarak names deputy as protesters defy curfew
Jordanians rally against corruption and poverty |
Mubarak names VP, new PM as protests rage
Belarus releases detainees as EU readies sanctions |
Egypt shutdown worst in Internet history: experts
Top cleric urges 'blind, deaf, dumb' Mubarak to go
Egypt's Mubarak picks vice-president for first time
Iran briefly detains son of opposition leader
Iran hangs Iranian-Dutch woman for drug smuggling |
Mourners, Israel troops clash after West Bank funeral
Ruling party urges talks in Yemen to halt protests |
Egypt banks will not open on Sunday
Pakistan rebuffs call for US gunman's quick release
Japan edge Australia 1-0 to win Asian Cup
Turks avenge deadly Israeli raid on the big screen
Tears and joy as Tunisia's revolution rap debuts
Sundance film shows corporate influence on justice
Macworld shines without superstar Apple
Egypt shutdown worst in Internet history: experts
Sudan Facebook group calls for protests
New British troops aim to beat Taliban on trust
Sarkozy in Ethiopia for lightning visit to AU summit
'Milestone' WTO ruling due in EU-US Boeing battle
10 dead in German train collision: rescuers
Egypt vigilantes defend homes as police disappear
Irish senate passes bailout bill ahead of election
Irish senate passes bailout bill ahead of election
Death toll in Egypt's protests tops 100
Lawlessness on Egypt streets, Mubarak clings on |
'Caucasus bomber' targeted foreigners: Russia
Obama keeps pressure on Mubarak as U.S. protests grow
Mandela 'doing very well': deputy president
Bosnia presidency chief refuses Turkish meeting
Doha trade deal deadline fixed 'for July'
Looters smash treasures and mummies in Egyptian Museum
Jordanians rally against corruption and poverty
At least 8 dead in head-on German train collision |
Wounded S.Korea captain returns home
Factbox: Winners at the 2011 Sundance Film Festival
Clinton seeks to give Haiti 'post-quake boost'
Acapulco fights to be known for fun, not fear
Divers find no bodies in Central California canal
Over 99 percent of south votes to split from Sudan |
Somali pirates arrested in South Korea
US asks Pakistan to release diplomat
Slowly but surely, Bordeaux vineyards go organic
Foreign potheads seek alternatives to Dutch coffee shop
Police: Wife of Army officer kills her 2 children
S.Korea to speed up combat fighter purchase -Yonhap
Love, death conquer all at Sundance film festival
Pakistan keeps interest rate unchanged
Exhausted Davos delegates hear burnout warning
Is WikiLeaks leaking? Norwegian paper scoops Assange
Japan wants new free trade pacts: PM
Factbox: Winners at the 2011 Sundance Film Festival
FACTBOX-Pakistan c.bank keep policy rate unchanged at 14 pct
"Like Crazy" wins top drama film award at Sundance
Sundance film pays tribute to hip hop emperors
Sundance film takes aim at US gender inequality
Acapulco fights to be known for fun, not fear
Like Crazy wins top drama film award at Sundance |
Netanyahu urges restraint over Egypt unrest
German train crash probe focuses on human error
Davos political leaders struggle to advance agenda
Sudanese police clash with students in Khartoum
'Human error' probable cause of German train accident
Gulf stock markets down on Egypt concerns
Tunisian Islamists show strength at chief's return |
Iran MPs back Ahmadinejad ally as foreign minister
Ivory Coast ballot recount 'grave injustice': Ban
Over 99 percent of south Sudan votes to separate
Iran MPs back Ahmadinejad ally as foreign minister |
Buildings burn, death toll mounts in central Nigeria |
Israeli court jails Hezbollah spy for nine years |
No question of recognizing Gbagbo, ECOWAS says |
Oman says uncovers UAE spy network |
Crop circles makers deserve praise: Indonesian Sultan
Thaksin urges Thais to vote for opposition party
COMMENTARY: Courting controversy
'King's Speech' gets new Oscars boost
Rabbit year rings like cash register
Cyclones to hit flood-weary Australia
Somali pirates brought to face charges in S. Korea
12 killed in Philippine slum inferno
Li Na puts Chinese tennis on the map
China policeman's son gets 6 years for hit-and-run
China authorities seek maximum fine for Carrefour
Youth violence grows in fast-changing Vietnam
India courts new money as investment slides
Fight to finish on US-S.Korea trade pact
All eyes on SAG awards as Oscars loom |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01