KARACHI: Saqib Naseem, Chairman Pakistan Yarn Merchants Association (PYMA), Muhammad Junaid Teli, Vice Chairman, Sind & Balochistan region, while expressing deep concern over the sharp rise in interest rates by 150 basis points (1.5%) to 13.75%, appealed to Finance Minister Miftah Ismail to reverse the decision to save business & industries from collapse, and gradually bring it to single digit to help deal with the severe economic crisis caused by the Covid-19 pandemic, and help domestic businesses & industries, especially SMEs, survive. PYMA office-bearer said that the Covid-19 pandemic has already brought trade & industry to the brink of collapse, while the country’s current political situation has also put the business community in a difficult position, that they run or not their business. Our Correspondent
