KARACHI: Despite a massive cut in the benchmark interest rates, the private sector continued retiring loans as bank advances plunged 52 per cent in the January-March quarter.

The State Bank of Pakistan (SBP) slashed its policy rate by a staggering 1,000bps to 12pc from an unprecedented level of 22pc since June 2024.

The SBP data on Thursday showed that the private sector........

© Dawn Business