State Bank drops interest rate by 1 percent
Analysts say economic growth rate has increased due to prudent policies of government.
State Bank of Pakistan has reduced interest from 9.5 to 8.5 per cent.
Speaking in Radio Pakistan’s Nuqta-e-Nazar program, senior journalist Maqbool Elahi Malik said: “The economic growth rate has increased due to the positive policies of the present government. Government has decided to privatize some institutions. It is expected that after the privatization of these institutions, they will contribute positively to national economy. Government is using the international loans in a prudent manner. Now, foreign investors are willing to invest in Pakistan and it is because of efficient policies of the present government that investor confidence on government has restored.”
Economic expert Dr. Tauseef said: “Reduction in international oil prices has affected our economy positively. The national economy has become more stable due to decrease in oil prices. The government has transferred the benefits of reduction in oil prices to local level and reduced oil prices in Pakistan which minimizes the inflation from the country. The nation has observed relief due to the decision of reduction in oil prices.”
Chairman Privatization Commission Muhammad Zubair said: “It is the result of government’s positive policies that today Governor State Bank of Pakistan has announced reduction in the rate of interest. Our economy has become stable due to the reduction in oil prices and a host of other factors. Our policies reduced inflation from the country. Petrol crisis is due to the difference in demand and supply.”
PTI leader Asad Umar said: “There is some difference of opinion on the formation of judicial commission between Pakistan Tahreek-e-Insaf and Pakistan Muslim League. This deadlock is the main reason behind the delay in the formation of Judicial Commission. Imran Khan has challenged that if anyone has doubt on any constituency of KPK that will be opened for recounting. The sit-ins have cultivated democratic norms between the general public. We want to resolve issues through dialogue, including formation of judicial commission to probe election rigging.”
Senior journalist Rauf Tahir said: “Imran Khan has criticized many people including former Chief Justice Iftikhar Muhammad Chaudhary and alleged them for massive rigging in general elections of 2013. He only raises baseless allegations and he has no evidence. The whole nation has realized the politics of Imran Khan and rejected his behavior of agitation. Imran Khan is against the operation Zarb-e-Azb and have soft corner for the Taliban. He supported the military courts only after the Peshawar incident under the public pressure.”
Sheikh Aftab Ahmad (State Minister for Parliamentary Affairs): “One and half year has passed after the general elections but even now some people want to recount votes. The recounting of votes is beyond the jurisdiction of government. The courts are the right place to address the issue of election rigging. In recounting of the votes at constituency of Sardar Ayaz Sadiq the result is same. This recounting proves that the allegations of Imran Khan are baseless. Imran Khan should realize his position and not open the politics of allegations again. He should rather pay attention on the issues of KPK and join hands with Pakistan Army and federal government to eliminate the menace of terrorism.”