LAHORE: Pakistan Industrial and Traders Association Front (PIAF) while welcoming 1.5 per cent cut in discount rate, urged the government to overcome energy crisis so that the economic benefits of the decision could be achieved.

The PIAF Chairman Sohail Lashari on Saturday said that it would have been better if the SBP Governor had slashed the policy rate to single digit for the revival of the economy of the country.

He said that the cut in discount rate would go a long way towards the promotion of economic activities in the country but it would not be giving any result if the government fails to take corrective measures for the economic well being of the country.