Central bank raises policy rate by 50 basis points
<p>The State Bank of Pakistan (SBP) on Monday raised the key policy rate by 50 basis points to 12 per cent.</p> <p>Previously, the SBP’s policy rate was 11.5pc.</p> <p>The SBP has <a href="https://www.dawn.com/news/2018718"><u>held</u></a> the rate steady since <a href="https://www.dawn.com/news/1995495"><u>raising</u></a> it by 100 basis points in April in