The State Bank of Pakistan building in Karachi, where the Monetary Policy Committee raised the policy rate to 12%. Finance Pakistan's central bank raises policy rate to 12% in first increase since April Mono Scoops 2d The State Bank of Pakistan raised its benchmark policy rate by 50 basis points to 12% on Monday, its first increase since April, as inflation fuelled by high energy costs from the Gulf conflict stayed above target. Read Full Story
