State Bank cuts interest rates by 0.75%

KARACHI (Dunya News) - State Bank of Pakistan (SBP) has announced its monetary policy for the next two months. SBP has reduced interest rates by 0.75%.

According to details, the new monetary policy issued by the State Bank for the next two months has reduced interest rates by 0.75%, after which the basic interest rate has decreased to 12.5%.

State Bank has also announced cheap loan facility for the industrial sector. Industries will be offered loans at 7% interest rate for 10 years and hospitals will get loans from banks at 3% interest rate.