As the State Bank of Pakistan is going to announce Monetary Policy on Friday the Lahore Chamber of Commerce and Industry Wednesday urged the SBP Governor to make a cut of 150 to 200 basis points in the policy rate and bring it to single digit for the sake of revival of businesses, overcome low-growth scenario, encourage new investments and give a jumpstart to the sluggish economy. In a statement issued here, the LCCI President Irfan Qaiser Sheikh said that the availability of cheaper money to the business doing people is a must to bring down the cost of doing business in Pakistan and expedite the process of industrialisation that would ultimately result in curtailing poverty, inflation and help in much-needed job creation.
