KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
The SBP cuts interest rate by another one percent
KARACAHI: The State Bank of Pakistan slashed the benchmark interest rate by another 100 basis points to 8%.
This is the fourth time in two months that the The State Bank of Pakistan (SBP) has cut interest rates following the outbreak of the corona virus in the country two months ago.
A reduction in interest rates will also reduce inflation, which was expected to rise earlier this year," the statement said.
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