Pakistan NA Backs Kashmir; Govt Defends SBP Rate Hike to Curb Inflation

The National Assembly unanimously adopted a resolution supporting the right to self-determination for people of IIOJK, condemning human rights violations. Separately, Parliamentary Secretary for Finance defended the recent policy rate hike to 12%, stating it was necessary to curb inflation, stabilize the economy, and mitigate Middle East impacts. The government aims for an interest-free economy by 2027-28. This stance on monetary policy signals continued efforts to stabilize the PKR, potentially influencing local gold and USD/PKR rates.

بحوالہ / Source: www.brecorder.com