The State Bank of Pakistan (SBP) has scheduled a meeting of the Monetary Policy Committee (MPC) for June 16.
According to the SBP, the new monetary policy will be announced on the evening of Monday, through a press release. The meeting will be chaired by the SBP governor.
Experts were of the view that the interest rate is likely to be maintained in the upcoming policy announcement.
SBP reserves hit five-month hit
Separately, last month, it was reported that Pakistan's foreign exchange has reserved reach five-month high of $16.65 billion.
According to details, the country was holding foreign exchange reserves equivalent to 70 days of imports. The State Bank of Pakistan's (SBP) dollar reserves have experienced a record increase of 10% in one week.
Meanwhile, The SBP reserves have risen by $104 million, reaching $11.45 billion.
In one week, the dollar deposits in banks have decreased by $870,000, falling to $5.2 billion.
