Islamabad: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board, and the President and former provincial minister, Mian Zahid Hussain, said on Saturday that the sixth cut in interest rates is welcome. Still, the pace of continuing interest rate reduction is slow because the central bank does not want to repeat past mistakes. The business community has been disappointed with only a one percent reduction in interest rates.
