{"id":104859,"date":"2020-01-29T12:02:16","date_gmt":"2020-01-29T02:02:16","guid":{"rendered":"http:\/\/leadpakistan.com.pk\/news\/?p=104859"},"modified":"2020-01-29T12:02:16","modified_gmt":"2020-01-29T02:02:16","slug":"rcci-dismay-on-interest-rate-unchanged-2","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/rcci-dismay-on-interest-rate-unchanged-2\/","title":{"rendered":"RCCI dismay on interest rate unchanged"},"content":{"rendered":"<p>our correspondent<br \/>\nRawalpindi<br \/>\nThe RCCI President Saboor Malik has shown dismay on Government decisions for maintaining the interest rate unchanged at 13.25 percent.<br \/>\nIn a statement, RCCI President said that the business community was hoping that interest rate would fall as our interaction with Government officials and ministry informed the business community about the improvement and stabilization of the country\u2019s economic situation and economic indicators.<br \/>\nHe said that Pakistan needed quick revival of business and industrial activities to improve the health of the economy, the current rate of interest rate, 13.25 percent, had made the cost of credit un-affordable for business community and badly affected their efforts for promoting business activities.<br \/>\nRCCI Chief said that Pakistan economy is facing huge challenge of export fall, contraction in Large Scale Manufacturing (LSM), unemployment, lack of infrastructure and impediments in taxation.<br \/>\nThe sharp decline in low interest can re-energize the industrial wheel, he added. Lower interest rate will also ease the pressure on Government to make its key projects like Kamyab Nojwaan and Ehsaas, he further added.<br \/>\nThe government recent data showed the government has succeeded in bringing down the current account deficit. The country\u2019s current account deficit, in the last fiscal year, clocked in at $12.75bn, down 36 per cent from record-high $19.9bn in FY18.<br \/>\nThis has given a huge breathing space and SBP should review its decision on maintaining the interest rate, he suggested.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>our correspondent Rawalpindi The RCCI President Saboor Malik has shown dismay on Government decisions for maintaining the interest rate unchanged at 13.25 percent. In a statement, RCCI President said that the business community was hoping that interest rate would fall as our interaction with Government officials and ministry informed the business community about the improvement [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-104859","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RCCI dismay on interest rate unchanged<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/rcci-dismay-on-interest-rate-unchanged-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCCI dismay on interest rate unchanged\" \/>\n<meta property=\"og:description\" content=\"our correspondent Rawalpindi The RCCI President Saboor Malik has shown dismay on Government decisions for maintaining the interest rate unchanged at 13.25 percent. In a statement, RCCI President said that the business community was hoping that interest rate would fall as our interaction with Government officials and ministry informed the business community about the improvement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/rcci-dismay-on-interest-rate-unchanged-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-29T02:02:16+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" 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