Prime Minister Shehbaz Sharif has expressed satisfaction over one percent reduction in policy rate announced by the State Bank of Pakistan.

In a statement, he said the one percent cut down in the policy rate is a welcoming step for business, industry, agriculture, investment and exports.

The Prime Minister expressed the confidence that decrease in the policy rate would provide relief to the traders and investors.

He said lowering of inflation rate to zero point three zero percent during the month of April is also welcoming.

Shehbaz Sharif said economic indicators are heading towards positive trajectory while economy is also moving ahead on stable basis.

He said the efforts of the Federal Finance Minister and his team for revival of the economy are commendable.