KATI president seeks reduction in policy rate
KARACHI: Korangi Association of Trade and Industry (KATI) President Sheikh Umer Rehan has urged the State Bank of Pakistan (SBP) to significantly reduce the policy rate to single digits at the upcoming Monetary Policy Committee (MPC) meeting to promote indust...
KARACHI: Korangi Association of Trade and Industry (KATI) President Sheikh Umer Rehan has urged the State Bank of Pakistan (SBP) to significantly reduce the policy rate to single digits at the upcoming Monetary Policy Committee (MPC) meeting to promote industrialisation, investment and economic activity. He said high interest rates were increasing financial pressures on the industrial sector, raising production cost...