SBP Decides To Keep Interest Rate At 7%

September 22, 2020Zayn0

SBP has announced to keep the interest rate at 7% for two months.

According to the SBP, no change has taken place since the last meeting of the Monetary Policy Committee and no change has been made in the policy rate by the Agricultural Policy Committee, according to which the SBP has maintained the interest rate at 7% for two months. Has been announced.

However, traders and industrialists say that given the current situation in the country, the SBP should have cut interest rates as the Corona virus has already hit the country’s economy hard. Should have kept and interest rates should have been reduced.

The industrialists said that the cost of production of the industry is higher as the interest rate in the country is still higher than other countries in the region. Due to high cost of production, the domestic industry is facing stiff competition in the international trade markets. The government should raise the interest rate to 4%.

The city’s business community said that if the government did not further reduce interest rates, the country’s industrial growth rate and exports would remain low due to high production costs.

Extracted from City42 News

Zayn

Leave a Reply

Your email address will not be published. Required fields are marked *

Search & have fun

Search anytime for whatever you need, for your business, fun or personal needs. LCCI helps you find it easy and fast.

Search & have fun

Search anytime for whatever you need, for your business, fun, or personal needs. LCCI helps you find it easy and fast.

Explore

Users

LCCI

Copyright © 2022 LCCI  All Rights Reserved.
Developed by TARGET MARKETING (PVT) LIMITED

Copyright © 2022 LCCI  All Rights Reserved.
Developed by TARGET MARKETING (PVT) LIMITED.