<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On Tuesday, the Karachi Interbank Offered Rate (Kibor) fell
by 8 to 137 basis points across all tenors, following a significant interest
rate cut by Pakistan's central bank in response to a faster-thanexpected
decline in inflation. The State Bank of Pakistan (SBP) reduced its benchmark
interest rate by 250 basis points to 15%, marking a total reduction of 700
basis points since June. This cut reflects the SBP's optimistic outlook, driven
by factors like lower inflation, strong remittance inflows, and falling oil
prices. As a result, inflation is expected to remain within the SBP's target
range of 5-7% in the medium term, with further interest rate cuts anticipated.
The SBP forecasts that inflation for FY25 will be lower than previously project...
