ISLAMABAD
With the decline in the inflation and improvement in external account, the businessmen are expecting a significant cut in the monetary policy framework in the next Monetary Policy Committee meeting being held on 10th of this month, urging the authorities to ensure a significant cut in the markup rate to bolster economy and enhance productivity.
While talking to a delegation of various trade and industrial associations, the Businessmen Panel (BMP) Chairman and FPCCI former president Mian Anjum Nisar said that State Bank’s tight monetary policy stance had been hurting the national economy for the last many years, thus there is an urgent need to bring it to single digit.
He said the State Bank’s tight monetary policy stance had been hurting the national economy for the last many years, thus there is an urgent need to bring it to single digit.
