The State Bank of Pakistan has decided to keep the policy rate unchanged at 10 percent on government's assurance of dollar inflows in a substantial quantity which would help in reducing the domestic debt. With SBP data showing a dip in inflation rate, private sector lending on the up and an over ten times increase in term lending ( Rs 3.5 billion to Rs 37.8 billion ), the Central Board of Directors of SBP, at the meeting chaired by Governor Yaseen Anwar , decided to hold the rates for two months as both the stock market index was showing an upsurge while SBP data showing an improvement in the asset quality of the banking system (14.8 percent in Q1FY14 compared to 14.3 percent in FY13).
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