Islamabad: The interest rate is likely to increase in Pakistan, the main purpose of increasing the interest rate is to control the rising inflation.
According to the British news agency Reuters, the interest rate increase in Pakistan is under the guidance of the International Monetary Fund (IMF).
It is likely. In this regard, it has been mentioned that the staff level report of the IMF has emphasized on the continuation of tight monetary policy.
In the Reuters survey, 9 out of 16 experts are predicting a one percent increase in the interest rate. The experts in the survey say that the interest rate will be increased to 23 percent in Monday’s meeting.
