ABAD says concerned at policy rate hike
KARACHI: The Association of Builders and Developers of Pakistan (ABAD) has expressed concerns over the State Bank of Pakistan’s decision to raise the policy rate, warning that the increase will deepen the construction industry’s difficulties. According to ABA...
KARACHI: The Association of Builders and Developers of Pakistan (ABAD) has expressed concerns over the State Bank of Pakistan’s decision to raise the policy rate, warning that the increase will deepen the construction industry’s difficulties. According to ABAD Chairman Muhammad Hanif Gohar, the policy rate, now up to 12 percent, would hurt not only the construction sector but also the wider economy and employment. H...