The State Bank of Pakistan has cut its policy rate by 50 basis points to 10 per cent from 10.5 per cent to encourage private-sector investment.
The new rate would come into effect from 8th October, at the start of the new working week.
The decision to cut the policy rate was taken by the Central Board of Directors of the State Bank at its meeting held under the chairmanship of Governor Yaseen Anwar here Friday.
The new rate would come into effect from 8th October, at the start of the new working week.
The decision to cut the policy rate was taken by the Central Board of Directors of the State Bank at its meeting held under the chairmanship of Governor Yaseen Anwar here Friday.
