Addressing the leaders from various chambers, associations, and women’s business groups, Faraz-ur-Rehman, Founder Chairman and Patron-in-Chief of the Pakistan Business Group (PBGO) and former Chairman of the Korangi Association of Trade and Industry (KATI), called on the government to implement immediate measures aimed at driving sustainable economic growth in Pakistan. Highlighting the importance of sound government policies for the nation’s development, Faraz-ur-Rehman stated, “We urge the government to reduce the interest rate by 5% in November and an additional 5 percent in December, totaling a 10% reduction. This step is essential to alleviate the financial burden on businesses and foster growth.”
He warned that without timely support for the economy, the repercussions could be dire and enduring. Faraz-ur-Rehman also underscored the urgency of addressing issues faced by Independent Power Producers (IPPs), stressing that stabilizing energy costs and ensuring a reliable power supply are vital for industrial productivity.
Faraz expressed heartfelt appreciation for S.M. Tanveer, acknowledging his exceptional commitment and remarkable contributions to the business community.
He emphasized the critical role of such dedicated leaders in navigating the current economic challenges facing Pakistan.
