Iran war jitters to influence policy rate decision

KARACHI: It appears that the financial market is certain that the interest rate is bound to see a rise in the next monetary policy scheduled for Monday. At the same time, most experts believed that it was not inflation but the growing fears in the region, including Pakistan, due to the Gulf war, that would determine the direction of monetary policy. “The risks in the Gulf war are unseen and so uncertain that nobody can claim that the economy of Pakistan and other countries like it would remai...

By none@none.com (Shahid Iqbal)