Cut in interest rate to help boost investment in Pakistan: PM

On Tuesday, Prime Minister Muhammad Shehbaz Sharif stated that the central bank’s announcement of a 2%–13% interest rate drop will encourage economic growth and increase foreign investment.

While presiding over a cabinet meeting, the prime minister stated, “Using the positive economic news, we should first encourage domestic investment, as a result the foreign investment will automatically come to the country.”

The recitation of Fateha for the eternal peace of Siddiq-ul-Farooq and a police officer who was killed in a terrorist attack on a team of polio workers in Karak kicked off the meeting.

In response to the ongoing problem of polio eradication, the prime minister expressed regret that although the polio virus has been all but eliminated globally, Pakistan still had to deal with challenges.