Pakistan cuts interest rates for the first time in 6 years
Pakistan has cut interest rates for the first time since 2002, with a 1 percent cut bringing down lending rates to 14 percent for commercial banks.The central bank raised interest rates by 2 percent back in November, which was the fourth consecutive increase since the global economic outlook receded in 2008. However, since the economy [...]
Pakistan cuts interest rates for the first time in 6 years
