Islamabad, Jan 27: Prime Minister Shehbaz Sharif has praised the State Bank of Pakistan’s decision to reduce the policy rate by 1%, bringing it down to 12%. He believes this move will help boost investor confidence and pave the way for increased investment in the country’s economy.
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In his statement, the Prime Minister highlighted that the rate cut is a result of the low inflation rate, which he hopes will continue to decrease in the coming months, creating a more favorable economic environment. He also expressed his appreciation for the efforts of Finance Minister Muhammad Aurangzeb and the relevant departments that contributed to the revival of the national economy. This step is expected to provide relief to businesses and investors, helping to stimulate economic growth.
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