Islamabad, Sep 9: The Monetary Policy Committee and the government have been urged by the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) to promptly reduce the policy rate by 400 basis points.
The FPCCI Declaration states that while the nation’s inflation rate is currently at 9%, the policy rate ought to be raised to 10% to reflect this trend.
While all four chambers of the national legislature are calling for a reduction in interest rates, the FPCCI stated that an instant 400 basis point fall in rates should be included in the September monetary policy.
The Federation of Pakistan Chambers of Commerce and Industries is the highest authority among all the chambers, it should be mentioned.
