Central bank raises policy rate by 50 basis points to 12pc
<p>The State Bank of Pakistan (SBP) on Monday raised the key policy rate by 50 basis points to 12 per cent.</p> <p>Addressing a press conference in Karachi, SBP Governor Jameel Ahmed said that the Monetary Policy Committee (MPC) had met and reviewed the situation since the last <a href="https://www.dawn.com/news/2029831">meeting</a> held in September.</p> <p