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Business community strongly reacts to SBP’s policy rate decision
KARACHI: Business and industrial community has expressed “sharp disappointment and frustration” over the State Bank of Pakistan’s decision to keep the key policy rate unchanged at 11.5 percent. They expressed disappointment over the status quo in monetary policy, saying high interest rates remain a major obstacle to economic growth. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed his disappointment over the State Bank of Pakistan’s decision to keep the policy rate unchanged at 11.5 percent while trade and industry is in dire n...
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