Which Pakistani institution sets the benchmark policy interest rate affecting borrowing costs across the economy?
A
Federal Board of Revenue
B
Ministry of Finance
C
State Bank of Pakistan
D
Pakistan Stock Exchange
Correct Answer: Option C — State Bank of Pakistan
Explanation:
The State Bank of Pakistan's Monetary Policy Committee periodically reviews and sets the benchmark policy interest rate, influencing borrowi...
The State Bank of Pakistan's Monetary Policy Committee periodically reviews and sets the benchmark policy interest rate, influencing borrowing costs, inflation, and investment across the economy.