LCCI for markup rate cut | Pakistan Today

LCCI for markup rate cut

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.

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