The industry is calling for 5%interest rates.
Listen to the article KARATSI: Business leaders appealed to the government and the Pakistani state bank (SBP) to reduce the interest rate by 5% to a single -digit 8% from today’s high interest rate of 13% immediately as inflation fell while pushing economic growth in the country. By reinforcing their arguments, they said that the country’s central bank should reduce the interest rate without ‘if’ and ‘but’ if inflation has indeed recede. The low rate will help develop economic activities, they said. Karachi’s president of the Association of Industry (SAI), Ahmed Azeem Alvi, has called for a single -digit policy
