ISLAMABAD, Dec 16 (NNI): Prime Minister Muhammad Shehbaz Sharif has welcomed the two percent reduction in the policy rate by the State Bank of Pakistan.
In a statement on Monday, he said bringing the policy rate to thirteen percent will bode well for the country’s economy.
The Prime Minister expressed the confidence that decrease in the policy rate would further enhance investors’ confidence in the national economy and it would boost investment.
Shehbaz Sharif said the decrease in the inflation rate has resulted in the cut to the policy rate.
He expressed the hope that the inflation rate would further come down in future as well.
The Prime Minister also lauded the efforts of the Finance Minister and other concerned institutions for making efforts for revival of the economy. NNI
