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PCDMA urges SBP for lower policy rate
KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) Chairman Saleem Mukati has urged State Bank of Pakistan (SBP) Governor Jameel Ahmed to consider reducing the policy rate at the central bank’s Monetary Policy Committee (MPC) meeting expected on October 26, in order to accelerate economic activity and ease the shortage of capital faced by the business community. Makati said the current high policy rate had become a serious hurdle for business circles. Bringing the policy rate down to single digits, he said, would have a positive impact on the national economy and give fresh m...
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