State Bank of Pakistan cut discount rate to 7%, which is the lowest in 42 years.
State Bank Governor Ashraf Mahmood Wathra during a press conference in Islamabad on Saturday said “The discount rate has been lowered to 7% from 8%,”
Read: State Bank of Pakistan cuts key discount rate by 1%
In March, the SBP reduced the discount rate by 0.5% to 8% for the next two months.
