Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.
He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.
The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.
Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.
