ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry’s United Business Group Friday urged the government to lower the interest rate,check dollar flight and cut in petroleum prices to beef up the fragile economy in the wake of swirling global inflation. Presiding over a high level meeting of the group its chairman Shahzad Ali Malik Sitar-I-Imtiaz said an urgent plan is needed on war footing to increase the industrial production in the coming years to give a boost to export. He said once export level increases,IMF and other monetary bodies will become flexible for rupees valuation besides curtailing the widening trade deficit which in turn will make it easier to utilise the remittances for repayment of loans. Online
