{"id":62854,"date":"2020-03-18T16:29:00","date_gmt":"2020-03-18T11:29:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62854"},"modified":"2020-03-24T17:17:27","modified_gmt":"2020-03-24T12:17:27","slug":"sbp-shares-details-interest-rate-reductions","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-shares-details-interest-rate-reductions.html","title":{"rendered":"SBP shares details on interest rate reductions"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday notified the reduction of the national interest rate by 75 base points to 12.5 percent, a news source reported. As per the publication, the Karachi Stock Exchange (KSE) Index fell by 3.17 percent and closed at 32,616 points due to the  novel coronavirus; despite an earlier prediction that a cut in policy rates would affect the KSE index positively.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbca-razes-illegal-constructions-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBCA razes illegal constructions in Karachi after Golimar building collapse incident (opens in a new tab)\">SBCA razes illegal constructions in Karachi after Golimar building collapse incident<\/a><\/p>\n\n\n\n<p>The business and traders\u2019 community was expecting that the government would slice the interest rates by 2-3 percent to facilitate the community during the situation caused by the novel coronavirus . Karachi Chamber of Commerce and Industry (KCCI) President Agha Shahab Ahmed Khan stated that they had recommended that the interest rate be brought down to single digits. He said that the country\u2019s economy was supported by revenue, and that the government could assist the traders and business community in order to <a rel=\"noreferrer noopener\" aria-label=\"improve revenue generation (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/islamabad-rto-sets-up-committees-increase-revenue-collection.html\" target=\"_blank\">improve revenue generation<\/a>.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/na-body-urged-to-resolve-unrealistic-property-valuations.html\">NA body urged to resolve issue of unrealistic property valuations in Karachi<\/a><\/p>\n\n\n\n<p>Topline Securities Chief Executive Officer (CEO) Mohammed\nSohail also recommended that the government should cut the interests rate and provide\na positive stimulus to the economy. Additionally, he said that it would also\nrejuvenate the traders\u2019 trust, which would also impact the economy in a better\nway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday notified the reduction of the national interest rate by 75 base points to 12.5 percent, a news source reported. As per the publication, the Karachi Stock Exchange (KSE) Index fell by 3.17 percent and closed at 32,616 points due to the novel coronavirus; despite an earlier prediction that a cut in policy rates would affect the KSE index positively. Read: SBCA razes illegal constructions in Karachi after Golimar building collapse incident The business and traders\u2019 community was expecting that the government would slice the interest rates by 2-3 percent to facilitate the community during the situation caused by the novel coronavirus . Karachi Chamber of Commerce and Industry (KCCI) President Agha Shahab Ahmed Khan stated that they had recommended that the interest rate be brought down to single digits. He said that the country\u2019s economy was supported by revenue, and that the government could assist the traders and business community in order to improve revenue generation. Read: NA body urged to resolve issue of unrealistic property valuations in Karachi Topline Securities Chief Executive Officer (CEO) Mohammed Sohail also recommended that the government should cut the interests rate and provide a positive&hellip;<\/p>\n","protected":false},"author":76,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[18215,23348,21853,23349],"persona":[],"class_list":{"0":"post-62854","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-karachi-chamber-of-commerce-and-industry-kcci","9":"tag-karachi-stock-exchange-kse-index","10":"tag-state-bank-of-pakistan-sbp","11":"tag-traders-and-business-community","12":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP shares details on interest rate reductions - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday notified the reduction of the national interest rate by 75 base points to 12.5 percent\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-shares-details-interest-rate-reductions.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP shares details on interest rate reductions - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday notified the reduction of the national interest rate by 75 base points to 12.5 percent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-shares-details-interest-rate-reductions.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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