ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has said the reduction in policy rate of two percent by the State Bank of Pakistan will help boost investment in the country and stimulate the economic growth.
Chairing the Federal Cabinet meeting held in Islamabad, he said it is a welcoming sign for the businesses, industries, agriculture, investment and exports.
The Prime Minister said scaling down of the policy rate would provide relief to businesses and investors.
He expressed satisfaction that the inflation has also dropped to its lowest level since 2018.
Shehbaz Sharif emphasized the importance of promoting local investment and announced that the government had completed a home-grown economic plan, which will be formally unveiled in a special event soon.
