Cut in interest rate a manifestation of improved macroeconomic conditions: Dar
Finance Minister says decline in interest rate provides a golden opportunity to industry and other borrowers to expand their business and investment.
Finance Minister Ishaq Dar has said that State Bank decision to reduce interest rate is a manifestation of improvement in macroeconomic conditions.
In a statement, he said current Consumer Price Index inflation of 4.8% in the first ten months of the current fiscal year supports the decision of the central bank.
Finance Minister said the decline in interest rate provides a golden opportunity to the industry and other borrowers to expand their current business activities and increase their investment in Pakistan.