Staff Reporter
Islamabad
The business community at Islamabad Chamber of Commerce and Industry (ICCI) on Saturday demanded of the government to make further cut in interest rate and bring it down to 5 percent.
The ICCI President Muhammad Ahmed Waheed in a statement said in the prevailing circumstances, a low policy interest rate was the key requirement for reviving the business activities and turning around the downward slide of economy.
He said that at a time when business and industry were struggling for survival due to Covid-19 pandemic, high interest rate in Pakistan was a major hurdle in new investment and expansion of existing businesses.
