text-align: justify;">ISLAMABAD, Dec 16 (APP): Prime Minister Muhammad Shehbaz Sharif on Monday welcomed the reduction in policy rate of State Bank of Pakistan (SBP) by further 2 percent and said that its current 13 percent rate bode well for the country’s economy.
text-align: justify;">He further expressed the confidence that the decrease in the policy rate would further enhance investors’ confidence in the national economy and would spur investment, PM Office Media Wing said in a press release.
text-align: justify;">The prime minister said that lowering of inflation rate also brought down the policy rate, adding that in the future, the inflation rate would further come down.
text-align: justify;">He also appreciated the federal finance minister and other authorities for making efforts in this regard.
