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Pakistan cuts interest rate by 100 bps to support businesses against COVID-19 impact

Pakistan cuts interest rate by 100 bps to support businesses against COVID-19 impact

May 16, 2020, at 01:41 pm

Islamabad/Xinhua: The State Bank of Pakistan (SBP) has announced to cut the country's policy rate by 100 basis points to 8 percent to support businesses against the COVID-19 impacts on the country's economy.