Prime Minister Muhammad Shehbaz Sharif welcomed the State Bank of Pakistan’s decision to cut the policy rate by 50 basis points, calling it a timely measure to promote economic activity, ease financial pressure on the public, and support businesses, especially small and medium enterprises.
The prime minister appreciated the monetary easing, stating it reflects improving macroeconomic indicators and successful economic management by the government. He praised Finance Minister Muhammad Aurangzeb, Minister of State Bilal Azhar Kayani, the finance secretary, and their teams for their efforts to stabilize the economy and put Pakistan on a growth trajectory.
Shehbaz Sharif emphasized that the reduction in the policy rate will lower borrowing costs, making credit more accessible and affordable. This move is expected to benefit SMEs, enabling them to expand operations, generate jobs, and contribute more effectively to national economic growth.
Reaffirming the government’s commitment to sustainable development, the prime minister noted that prudent fiscal and monetary coordination would continue to support Pakistan’s economic recovery and growth.
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