According to a statement issued by the State Bank of Pakistan, the interest rate has been increased by one percent and the new interest rate has been raised to 9.75 percent.
Earlier, the interest rate was 8.75. The interest rate is at a 20-month high.
According to the SBP, the rise in interest rates and the rise in interest rates to control the current account deficit will keep the economy afloat.
Business man Aqeel Karim Dhedi says that one percent increase was expected, it is not a bad thing, maybe it will be good news because such an increase was expected, interest rate has risen less than expected.
Aqeel Karim Dhedi said that the increase in interest rates will only affect government policies. The increase in interest rates will not affect business activities. The government will have to think that if taxes increase like this, the government will definitely be affected.