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Economy

Interest Rates

By Updated:1 Min Read
Effects of interest rates on the saving and investment behavior in Pakistan

[dropcap]A[/dropcap]n interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period.
“Reduced interest rates encourage people to spend money on home improvements”

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INTEREST RATES
DATE
(%)
26-Jan-15
8.5
24-Mar-15
8.0
25-May-15
6.5
14-Sep-15
6
23-May-16 till date
5.75

(PAGE) is the leading weekly financial magazine of the country for nearly 40 years. It is read widely both nationally and internationally for its coverage of various topics and investigative reporting by the business community, members of the Karachi, Lahore and Islamabad stock exchanges, members of different chambers of commerce and industry, governments officials, professionals, bankers, students and is also subscribed by major libraries around the world.