00:00The State Bank of Pakistan has introduced a new monetary policy.
00:04It has announced a 2% reduction in the share price.
00:06200 basis points have been reduced.
00:08The share price has decreased from 19.5% to 17.5%.
00:13According to the Monetary Committee, the share price in Pakistan has come down to 9.64% in August 2024.
00:20There is a possibility of a reduction in the next month as well.
00:22In the year to come, the share price is expected to remain between 2.5% and 3.5%.
00:28The business community has demanded a reduction of 500 basis points in the share price.
00:35Dr. Khakha Najeeb says that the State Bank's decision to reduce 200 basis points in the share price is correct.
00:42There is a reduction in inflation.
00:44In exchange, the interest rates are at 9.5 billion dollars.
00:47We have to make the IMF program safe as well.
00:51This is the right direction.
00:52Right now, there is an inflationary trend.
00:54It has stabilized.
00:55Global oil prices have fallen sharply.
00:58The State Bank's reserves are at 9.5 billion dollars.
01:01So, there is no pressure on the currency.
01:03Inflation expectations are also downward trending for the business community.
01:08The risk to growth is still there.
01:11The investment to GDP indicator is at 13%.
01:14It is at a 50-16% low.
01:16The IMF has accepted that the monetary policy is stronger than expected.
01:25We want to secure the IMF program so that macro stability can be cemented.
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