Lowering the interest rate

Letter May 27, 2015
We hope the government will keep the momentum going and that we will see a substantive change

PESHAWAR: Achieving economic instability was once considered a conundrum for this country but now it seems that the nation will come out of this quandary. Nothing was more pleasant than to hearing that the State Bank of Pakistan has brought down the interest rate to seven per cent. It is noteworthy here that last week, the Asian Development Bank also praised the steps taken by the government to foster business activities and strengthen the economy. It is high time we gave credit where it’s due, and applaud the prime minister and the finance ministry. Still, a lot of work remains to be done in other fields like education, health, energy, security, timely delivery of free and fair justice to all strata of the country’s population, and the termination of perennial disputes between the federal government and the provinces.

We hope the government will keep the momentum going and that we will see a substantive change not only in the economic sector but in other fields too.

Mujtaba Shareef

Published in The Express Tribune, May 28th,  2015.

Like Opinion & Editorial on Facebook, follow @ETOpEd on Twitter to receive all updates on all our daily pieces.