Cut Policy Rate by 5% to Spur Growth, Business Leader Demands

KARACHI: Faraz-ur-Rehman, Patron-in-Chief of the Pakistan Business Group (PBGO) and Chairman of the Pakistan Business Guild, has urged the government to slash the policy rate by 500 basis points in one go during the upcoming monetary policy announcement. He stated that this decisive move is essential for reviving the economy and fostering a business-friendly environment. …

Business Leaders Urge Deeper Rate Cuts to Drive Economic Growth

The recent 2.5% cut in the State Bank of Pakistan’s (SBP) policy rate has prompted a mixed response from the business leaders, calling for further reductions to drive economic growth. Industry stakeholders argue that the current rate remains high and limits the potential for business expansion, urging the SBP to aim for a single-digit interest …

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