ISLAMABAD: 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.
He expressed the confidence that the decrease in the policy rate would further enhance investors’ confidence in the national economy and would spur investment.
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.
He also appreciated the federal finance minister and other authorities for making efforts in this regard.
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Earleir, Prime Minister Shehbaz Sharif launched a nationwide anti-polio campaign on Sunday by giving polio drops to children under five. He emphasized his government’s commitment to eradicating polio from Pakistan.
Speaking at the launch, he raised concerns about the rise in polio cases, with 60 new infections reported this year. However, he expressed confidence that joint efforts by federal and provincial governments would tackle the problem.
Sharif thanked Saudi Arabia and Crown Prince Mohammad Bin Salman for their support in fighting polio in Pakistan and Afghanistan.
