Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed approval for the State Bank of Pakistan’s decision to reduce the policy rate by one percent, emphasizing the move’s potential to enhance investor confidence in the national economy.
According to a statement by Ministry of Information and Broadcasting, the Prime Minister described the reduction of the policy rate to 12 percent as beneficial for the economic landscape and expressed hope for increased investment as a result.
Shehbaz Sharif attributed the policy rate cut to the current low inflation rate, suggesting that inflation may decline further in the months ahead. He also acknowledged the efforts of the Finance Minister and related departments in revitalizing the economy.