FPCCI urges SBP to lower policy rate to 15% to help local exporters with reduced capital costs.

The FPCCI has called on Pakistan's central bank, the State Bank of Pakistan (SBP), to lower its policy rate to 15% to help local exporters compete in regional and international markets with reduced capital costs. FPCCI President Atif Ikram Sheikh argues that the current monetary policy with a significant premium over core inflation is unsustainable. He also suggests the government must fulfill promises to rationalize electricity tariffs and renegotiate independent power producers' power purchase agreements.

August 27, 2024
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