ISLAMABAD -UNS:President Federation of Pakistan Chambers of Commerce and Industries Atif Ikram Sheikh has said that the markup rate should be brought to single digit in the review on January 27. State Bank has scope to bring the policy rate down to 7 percent So this month the central bank has a good chance to bring the interest rate to single digit.Economic indicators are positive and inflation rate has decreased It is also important to convey the benefit of reduction in inflation to the common man.
President Federation Atif Ikram said that the expected government package for the construction industry will also bring prosperity to the country Reduction in markup rate will increase the circulation of money, the money lying in the banks will be used in the industries, which will increase the production of the industries and create employment opportunities. The unemployment rate in Pakistan is up to 7%, reducing the unemployment rate will directly reduce poverty.
