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Dar hails SBP’s policy rate cut

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Saturday appreciated the decision by State Bank of Pakistan (SBP) to reduce Policy Rate by 0.5 percent and said it would boost business and economic activities in the country. “The decision reflects stability in the economy and that record low inflation of less than 2 percent in the...

SAMAA | - Posted: Sep 12, 2015 | Last Updated: 6 years ago
SAMAA |
Posted: Sep 12, 2015 | Last Updated: 6 years ago

Ishaq Dar File 12-08
ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Saturday appreciated the decision by State Bank of Pakistan (SBP) to reduce Policy Rate by 0.5 percent and said it would boost business and economic activities in the country.

“The decision reflects stability in the economy and that record low inflation of less than 2 percent in the months of July and August 2015, facilitated reduction in Policy Rate”, Dar said in a statement issued by the Finance Ministry here.

He said Ministry of Finance making all out efforts to achieve the target of US$ 21 billion for the year 2015. – APP

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