Pakistan on Tuesday has cut its benchmark policy rate by 150 basis points to 11%, a week after lowering the cost of borrowing by 75 bps, central bank said.

State Bank of Pakistan announced the second cut in a week saying "It noted considerable uncertainty about how the coronavirus outbreak would impact the global economy and Pakistan," the central bank said in a tweet.

(Reporting by Syed Raza Hassan, editing by Louise Heavens) ((raza.hassan@thomsonreuters.com;))