{"id":63221,"date":"2020-03-26T09:00:33","date_gmt":"2020-03-26T04:00:33","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63221"},"modified":"2020-03-25T16:56:38","modified_gmt":"2020-03-25T11:56:38","slug":"sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html","title":{"rendered":"SBP cuts interest rate by 1.5% amid coronavirus pandemic"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday provided notification of a 1.5% reduction in the interest rate \u2014 bringing it down to 11% \u2014 in a bid to secure business persons and traders against the impact of the novel coronavirus pandemic, a news source reported. The central back further stated that it wanted to facilitate business owners who rely on loans acquired from the commercial banks to run their ventures.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/who-launches-human-coronavirus-health-alert-for-whatsapp.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"WHO launches human coronavirus health alert for WhatsApp (opens in a new tab)\">WHO launches human coronavirus health alert for WhatsApp<\/a><\/p>\n\n\n\n<p>As per report, the Monetary Policy Committee (MPC) also acknowledged the uncertainty brought forth by novel Coronavirus, which is why it sliced the interest rate policy by 150 basis points. Last week, the SBP had reduced the interest rate by 75 basis points and fixed it at 12.5%.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/rawalpindi-dc-orders-uninterrupted-food-supply-coronavirus-lockdown.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Rawalpindi DC orders for uninterrupted food supply during coronavirus lockdown (opens in a new tab)\">Rawalpindi DC orders for uninterrupted food supply during coronavirus lockdown<\/a><\/p>\n\n\n\n<p>The novel coronavirus pandemic has brought volatility and uncertainty in the global financial markets and has caused the global oil prices to plummet. The SBP statement said that \u2018with the domestic deceleration in food prices and significant decline in consumer price expectations, the outlook for inflation in Pakistan has therefore improved, paving the way for today\u2019s rate cut\u2019.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-allows-tax-concessions-businesses-affected-coronavirus-pandemic.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF allows tax concessions to businesses affected by coronavirus pandemic (opens in a new tab)\">IMF allows tax concessions to businesses affected by coronavirus pandemic<\/a><\/p>\n\n\n\n<p>Meanwhile, the Islamabad Chamber of Commerce and Industry (ICCI) has requested the government to reduce the interest rate to 5% percent in order to guard the businesses against the impact of <a href=\"https:\/\/www.zameen.com\/news\/implement-precautionary-measures-against-coronavirus-dg-plra.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"novel coronavirus pandemic (opens in a new tab)\">novel coronavirus pandemic<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday provided notification of a 1.5% reduction in the interest rate \u2014 bringing it down to 11% \u2014 in a bid to secure business persons and traders against the impact of the novel coronavirus pandemic, a news source reported. The central back further stated that it wanted to facilitate business owners who rely on loans acquired from the commercial banks to run their ventures. Read: WHO launches human coronavirus health alert for WhatsApp As per report, the Monetary Policy Committee (MPC) also acknowledged the uncertainty brought forth by novel Coronavirus, which is why it sliced the interest rate policy by 150 basis points. Last week, the SBP had reduced the interest rate by 75 basis points and fixed it at 12.5%. Read: Rawalpindi DC orders for uninterrupted food supply during coronavirus lockdown The novel coronavirus pandemic has brought volatility and uncertainty in the global financial markets and has caused the global oil prices to plummet. The SBP statement said that \u2018with the domestic deceleration in food prices and significant decline in consumer price expectations, the outlook for inflation in Pakistan has therefore improved, paving the way for today\u2019s rate cut\u2019. Read: IMF&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":[15015],"tags":[24207,24206,4849,24209,24208],"persona":[],"class_list":{"0":"post-63221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-1-5-reduction-in-the-interest-rate","9":"tag-coronavirus-pandemic","10":"tag-interest-rate","11":"tag-islamabad-chamber-of-commerce-and-industry-icci","12":"tag-monetary-policy-committee-mpc","13":"cat-15015-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 cuts interest rate by 1.5% coronavirus pandemic - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday provided notification of a 1.5% reduction in the interest rate \u2014 bringing it down to 11% \u2014\" \/>\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-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP cuts interest rate by 1.5% coronavirus pandemic - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday provided notification of a 1.5% reduction in the interest rate \u2014 bringing it down to 11% \u2014\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-26T04:00:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Noor Rehman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Noor Rehman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SBP cuts interest rate by 1.5% coronavirus pandemic - Zameen News","description":"Karachi: The State Bank of Pakistan (SBP) on Tuesday provided notification of a 1.5% reduction in the interest rate \u2014 bringing it down to 11% \u2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html","og_locale":"en_US","og_type":"article","og_title":"SBP cuts interest rate by 1.5% coronavirus pandemic - Zameen News","og_description":"Karachi: The State Bank of Pakistan (SBP) on Tuesday provided notification of a 1.5% reduction in the interest rate \u2014 bringing it down to 11% \u2014","og_url":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-03-26T04:00:33+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","type":"image\/jpeg"}],"author":"Noor Rehman","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Noor Rehman","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html"},"author":{"name":"Noor Rehman","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/718378171443de9c5aeab691248bc465"},"headline":"SBP cuts interest rate by 1.5% amid coronavirus pandemic","datePublished":"2020-03-26T04:00:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html"},"wordCount":244,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","keywords":["1.5% reduction in the interest rate","coronavirus pandemic","interest rate","Islamabad Chamber of Commerce and Industry (ICCI)","Monetary Policy Committee (MPC)"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html","url":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html","name":"SBP cuts interest rate by 1.5% coronavirus pandemic - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","datePublished":"2020-03-26T04:00:33+00:00","description":"Karachi: The State Bank of Pakistan (SBP) on Tuesday provided notification of a 1.5% reduction in the interest rate \u2014 bringing it down to 11% \u2014","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"SBP cuts interest rate by 1.5% amid coronavirus pandemic"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/718378171443de9c5aeab691248bc465","name":"Noor Rehman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","caption":"Noor Rehman"},"sameAs":["https:\/\/www.zameen.com\/"],"url":"https:\/\/www.zameen.com\/news\/author\/rehman"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=63221"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63221\/revisions"}],"predecessor-version":[{"id":63222,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63221\/revisions\/63222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/60606"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=63221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=63221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=63221"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=63221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}