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Stakeholders see monetary tightening tomorrow

KARACHI: Amid inflationary pressure from costly oil imports linked to the Middle East conflict, economic stakeholders have called for a 50- to 100-basis-point hike in interest rates to curb inflation. The State Bank of Pakistan’s (SBP) Monetary Policy Committee is scheduled to meet on Monday, while the financial market is filled with speculation. However, it was observed that most of the financial experts believe a 50bps hike in the interest rate is imminent. The SBP’s policy rate is 11.5 per ce