Amounts to $798 million on back of boom in IT sector amid Covid-19

Despite increase, SBP estimates inflation, current account deficit to remain elevated

Increase in policy rate expected to reduce trade, current account deficits

Increase comes as leadership looks to mobilise high investment in saving products

Currency fall dashes market hopes for recovery after receipt of Saudi Arabian aid

Seats of two commissioners vacant for past seven months

Much-needed lending to help stabilise exchange rate

Gas utility gives nod which is termed step towards deregulating energy sector

Poll forecasts economy will grow 4-5%, inflation will stand at 10% in FY22

Increase signals another aggressive hike in SBP policy rate on December 14