SBP to determine new interest rate on Tuesday
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According to a research survey report, from March 18 to June 26, 2020, there was a 6.25% reduction in the interest rate due to negative impact of Covid-19 pandemic on economy. Most of the economic gurus are seeing the interest rate unaffected at 7%.
The research report also predicts the exchange rate of dollar will remain between Rs 160 to Rs165 by the end of 2021.
Reporter Ashraf Khan