ISLAMABAD, Jul 31 (APP): Trade and Industry leaders have appreciated State Bank’s decision to keep interest rate unchanged, saying availability of cheap capital would help spur industrial growth.
According to Radio Pakistan , Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Shaikh Khalid Tawab said the step shows that the State Bank is promoting investment and industrial activity in the country.
President Lasbela Chamber of Commerce and Industry Maqsood Ismail said the monetary policy is moving in the right direction under the current scenario. He pointed out that keeping interest rate unchanged would help reduce the cost of doing business.
Chairman of Pakistan Bedwear Exporters Association Shabbir Ahmad believed that the central bank’s decision would help the private sector attract new investment. He said lower interest rate would also broaden the industrial base.