|Interest rate down by 1.5%|
* SBP chief says increased remittances from overseas Pakistani workers and reimbursements from US have helped country's foreign exchange reserves
By Muhammad Yasir
KARACHI: In a surprising move, State Bank of Pakistan (SBP) on Friday cut 150 basis points (1.5 percent) in policy rate to 10.5 percent.
SBP Governor Yaseen...