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State Bank of Pakistan announces markup subsidy for ‘Naya Pakistan Housing Scheme - Daily Times
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State Bank of Pakistan announces markup subsidy for ‘Naya Pakistan Housing Scheme
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According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in public sector development expenditure, and increase in energy prices helped contain demand pressures, leading to a welcome reduction in the current account deficit. In this process, however, the large-scale manufacturing sector faced contraction and inflation increased. SBP continued to maintain tight monetary conditions to manage demand and anchor inflation expectations.