Islamabad: 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.

According to Radio Pakistan, the Prime Minister expressed confidence that the decrease in the policy rate would provide relief to traders and investors. He further highlighted that the lowering of the inflation rate to 0.30 percent during the month of April is also a positive development.

Shehbaz Sharif noted that economic indicators are heading towards a positive trajectory while the economy is moving ahead on a stable basis. He commended the efforts of the Federal Finance Minister and his team for their role in the revival of the economy.