Lowering Interest Rate.

The State Bank of Pakistan (SBP) is considering reducing the interest rates post the two percent reduction in inflation in the country. The likelihood of this is a welcome sign for the business community in Pakistan, that has been affected due to these figures. Bringing down the interest rates helps ease out the tensions in the business community and will also help provide the sector with a very significant boost at a time when the economy is struggling. The meeting is said to be held on Tuesday, and according to Governor SBP Reza Baqir, there are speculations that as headline inflation has come down from 14.6 percent in January to 12.4 percent in February 2020, the SBP may review the policy rate in the next monetary policy committee meeting.

For the longest time, the business community has looked towards parties like the Pakistan Muslim League Nawaz (PML-N) to introduce business-friendly policies, and since day one in government, Pakistan Tehreek-i-Insaaf (PTI) has been labelled to...