SBP slashes markup rate to 5 percent

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KARACHI: The State Bank of Pakistan (SBP) has announced to reduce markup rate on investment under SBP’s Temporary Economic Refinance Facility (TERF) to 5 percent from the previous 7pc, In a statement, the SBP said that it has also reduced the markup rate on Long Term Financing Facility for the non-textile sector to 5pc from 6pc to extend the benefit of the recent reductions in the policy rate.

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