Prime Minister Shehbaz Sharif has welcomed the SBP interest rate cut of 50 basis points, terming it a clear indication that Pakistan’s economy is moving in a positive direction. He said the SBP interest rate cut reflects growing stability after months of economic uncertainty and tough fiscal decisions.
Praise for Economic Team Leadership
While commenting on the SBP interest rate cut, the prime minister strongly praised the economic team led by Finance Minister Muhammad Aurangzeb. He said the team’s consistent efforts, supported by the Minister of State for Finance Bilal Azhar Kiani and the Secretary of Finance, had created the conditions necessary for such a policy decision. According to him, the SBP interest rate cut is a direct outcome of coordinated economic management.
Signal of Economic Stabilisation
Shehbaz Sharif described the SBP interest rate cut as a sign of improving macroeconomic indicators, including better inflation trends and improved fiscal discipline. He said the government’s strategy was now showing results, with the SBP interest rate cut reinforcing confidence among investors, businesses, and international partners.
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Relief for Businesses and the Public
Emphasising public impact, the prime minister said the SBP interest rate cut would bring meaningful relief to both the business community and ordinary citizens. Lower borrowing costs are expected to ease financial pressure, reduce debt servicing burdens, and stimulate economic activity across multiple sectors.
Boost for Small and Medium Enterprises
The SBP interest rate cut is expected to particularly benefit small and medium-sized enterprises, which rely heavily on bank financing. Shehbaz Sharif noted that affordable credit is essential for the survival and growth of SMEs, adding that the SBP interest rate cut would help them expand operations and protect jobs.
Acknowledging Public Sacrifices
Referring to the difficult reforms implemented over the past year, the prime minister acknowledged the sacrifices made by businesses and the general public. He said the SBP interest rate cut was a step toward easing those pressures, while maintaining the government’s commitment to long-term economic reforms.
Path Toward Sustainable Growth
Concluding his remarks, Shehbaz Sharif said the SBP interest rate cut supports the government’s broader vision of sustainable economic growth. He stressed that stability remains the top priority and that future policies would continue to balance growth, inflation control, and public relief.
