Abb Takk News

SBP Decides to Reduce Policy Rate

ISLAMABAD: The state Bank of Pakistan has decided to lower the police interest rate as it has informed the government over its decision.

According to details, after the passage of 15 months SBP has decided to lower the currency rate as after higher policy rate of 13.25 private sector stopped to get borrowing from SBP.

Sources said the slash in policy rate will attract private sector to get loans from SBP.