Says new interest rate will boost investor confidence; Praises friendly nations’ support during IMF negotiations agenda
Prime Minister Shehbaz Sharif has welcomed the State Bank of Pakistan’s decision to reduce the policy rate by 2%, calling it a positive step for the country’s economy. He expressed optimism that the interest rate cut will boost investor confidence and increase investments in Pakistan.
“The reduction in the policy rate is a welcome move for our economy. It will increase investor confidence and lead to greater investment,” Sharif said, adding that the recent drop in inflation has allowed for this adjustment, and he hopes inflation will continue to decline in the coming months.
Speaking during a cabinet meeting on Thursday, the prime minister praised the efforts of Finance Minister Muhammad Aurangzeb and other key institutions, saying, “The efforts to revive the economy are commendable, and the reduction in interest rates will benefit all sectors.”
