Govt urged to review tight monetary policy

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The Pakistan Industrial & Traders Associations Front has urged the government to review its tight monetary policy as it will hamper the production and thwart the economic growth.

In a joint statement on Saturday, the PIAF Senior Vice Chairman Nasir Hameed and Vice Chairman Javed Siddiqi said that the growth in large-scale manufacturing industries is already nominal in the first quarter of current fiscal year, as the industries were poised to face the impact of high input prices and shortage of gas in winter, while further hike in markup rate is another threat for them.

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