SBP increases markup rate for EFS by 2.5%, LTFF by 3%

News Image

MG News | July 07, 2022 at 05:40 PM GMT+05:00

0:00

July 07, 2022 (MLN): In line with the increase in policy rate announced in the MPC meeting today, the State Bank of Pakistan (SBP) has moved up the markup rate for financing under Export Finance Scheme (EFS) and Long Term Financing Facility (LTFF) by 2.5% and 3% respectively. 

Accordingly, the new rates for EFS and LTFF now stand at 10% each per annum.

“As foreshadowed in the last monetary policy statement, the interest rates on EFS and LTFF loans are now being linked to the policy rate to strengthen monetary policy transmission, while continuing to incentivize exports by presently offering a discount of 500 basis points relative to the policy rate,” the MPC statement read.  

This combined action continues the monetary tightening underway since last September, which is aimed at ensuring a soft landing of the economy amid an exceptionally challenging and uncertain global environment, it added.

It should help cool economic activity, prevent a de-anchoring of inflation expectations and provide support to the Rupee in the wake of multi-year high inflation and record imports.

To recall, the SBP had increased the EFF and LTFF rates by 2% on May 23, right after the MPC announcement of a rate hike by 150bps to 13.75%.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 155,384.51
274.67M
0.61%
944.82
ALLSHR 95,133.57
856.28M
0.49%
465.41
KSE30 47,466.99
137.10M
0.74%
347.09
KMI30 227,645.22
99.71M
0.67%
1519.50
KMIALLSHR 63,888.06
353.11M
0.50%
319.01
BKTi 41,761.78
72.20M
0.33%
138.95
OGTi 31,619.14
7.57M
0.41%
130.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,140.00 117,240.00
114,940.00
-2125.00
-1.81%
BRENT CRUDE 67.01 67.52
66.78
0.02
0.03%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-1.20
-1.41%
ROTTERDAM COAL MONTHLY 93.00 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.76 63.24
62.52
0.07
0.11%
SUGAR #11 WORLD 15.83 15.98
15.81
0.04
0.25%

Chart of the Day


Latest News
September 15, 2025 at 03:48 PM GMT+05:00

Millat Tractors (PSX: MTL) reports 40% drop in annual profit


September 15, 2025 at 02:39 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


September 15, 2025 at 02:14 PM GMT+05:00

Saudi Riyal available at PKR 76 in open market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg