Trade, industry hail new monetary policy

Karachi: The trade and industry has hailed the reduction of 150 basis points in the Monetary Policy announced by the Governor State Bank of Pakistan on Saturday.

Patron In-Chief, Korangi Association of Trade and Industry (KATI), S M Muneer, Chairman Ehteshamuddin, Vice Chairmen, Hasham A Razzak, Tariq Malik and former Chairmen Syed Johar Ali Qandhari and Mian Zahid Hussain said in a joint statement that reducing 150 basis points is right decision at right time and depicts the policy of acting Governor SBP, Yasin Anwar’s business friendly policy.

They hoped that if the present policy would continue the interest rate would be brought down to single digit which is the need of the day. They said that reduction in interest rate would be helpful in reviving industry. They recommended appointing Yasin Anwar as regular governor SBP.

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