State Bank reduces 2 percent markup rate

Lahore : State Bank of Pakistan has announced to reduce markup rate 2 percent more to activate the economic growth in the country . Now mark up rate would be 9 percent. State Bank has reduced markup rate to 4.5 during a month.

Governor State Bank Raza Baqir had hinted a few days back in a programme of Geo News that markup rate would be further reduced.

The business community has welcomed this decision and expressed that it would be helpful to boost economic activities in the country.

Former Finance Minister Ishaq Dar in his video message has advocated to reduce the markup rate to single digit saying that it would help to combat the masses and business community to face the challenges which emerged due to Corona Virus.