PRAC critiques ‘Insufficient’ policy rate cut, seeks action
The Policy Research and Advocacy Council (PRAC) has expressed concerns about the ‘insufficient’ reduction in the policy rate at the State Bank of Pakistan (SBP). In a statement issued here, the PRAC stated that the SBP’s decision to cut the policy rate by ‘only’ 100 basis points (bps) came at a time when the inflation rate had dropped to a
