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  KARACHI:The State Bank of Pakistan (SBP) on Monday aggressively hiked the key interest rate by 150 basis p gray dunks oints to a 91-month (nearly eight-year) high at 12.25% in anticipation of acceleration of inflation under the International Monetary Fund's (IMF) loan programme.The monetary policy committee at the central bank tightened the policy keeping in view the rising inflationary pressure due to rupee depreciation, potential increase in utility tariffs and an upward trend in prices of petroleum products and essential food items in the world markets.The rate of inflation is expec campus adidas green ted to accelerate to a five-year high of 9.59% in May, compared to 8.82% in the previous month of April. However, analysts fear that  nike jordan it would rise in the coming months.Also, speculation in the local capital markets is rife that the government had agreed to increase the key interest rate by two percentage points under the 39-month IMF loan programme worth $6 billion. Accordingly, the latest rate hike was a must to get Tkhg President Alvi confers top civil award on Malaysia PM Mahathir Mohamad
ISLAMABAD:The Economic Coordination Committee (ECC) of the cabinet will review the six-point agenda in today s meeting, including the exemption of 5 percent sales tax on the Khal Banola (cotton seed oil cake) used as fodder, change of cash development loan for Lahore Garments City Company into a grant along with the approval of the technical supplementary grants for the implementation of the Ministry air max shoes  of Interior, Ministry of Education e-government programmes.T jordan low he meeting of the cabinet s E air max 96 CC chaired by Finance Advisor Dr Abdul Hafeez Sheikh will be held today (Monday).According to the copy of the agenda of the ECC meeting obtained by The Express Tribune, the report regarding the exemption of 5 per cent sales tax on cotton seed oil cake used as fodder will be presented in the meeting.After reviewing the report, it will be decided to approve the exemption of sales tax of five per cent. In addition, the ECC meeting will also present a comprehensive report on autonomous assurances from the
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