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NKATI seeks lower interest rate
KARACHI: President of the North Karachi Association of Trade and Industry (NKATI), Faisal Moez Khan, has urged the government and the State Bank of Pakistan (SBP) not to increase interest rate in the upcoming monetary policy, keeping in view the potential economic repercussions of rising tensions in the Gulf region. He said that an increase in interest rate would negatively affect business activities, industrial production and exports. Faisal Moez Khan described the potential impact of escalating tensions in the Gulf on Pakistan’s economy as a matter of serious concern, stressing the need for ...
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