ISLAMABAD  - The ICCI has termed the reduction of 5pc policy discount rate as a positive step by the State Bank of Pakistan.However, said that for better growth of business activities, SBP should bring down discount rate to single digit level, Senior Vice President, Islamabad Chamber of Commerce and Industry, Mehmood Ahmed Warraich while addressing a meeting of businessmen, which was called to get their reaction on discount rate cut.He said that low discount rate has a positive impact on the economy as it facilitates the commercial banks to provide low cost credit facility to businessmen and help them accelerate the growth of trade and industrial activities.He said that keeping in view the current situation of economy, the discount rate should be brought down to single digit level to encourage investment, revive industry and rejuvenate the overall economy.