SBP’s decision to hold policy rate at 11.5% draws sharp criticism from business community
KARACHI: Business leaders on Monday condemned the State Bank of Pakistan’s decision to maintain the benchmark policy rate at 11.5%, calling the status quo a threat to industrial survival and export competitiveness. The Monetary Policy Committee’s decision to keep borrowing costs unchanged drew immediate backlash from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), whose president, Atif Ikram
