Pakistan's central bank lowered its key interest rate by 150 basis points to 20.5%, the first reduction in nearly four years, as part of efforts to stimulate growth amidst declining retail inflation. The move, preceding Pakistan's annual budget, follows a decrease in inflation to 11.8% in May. Economic reforms under an IMF bailout have been implemented to stabilise the economy, with expectations of further rate reductions. Read The Rest at :
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