{"id":255109,"date":"2022-04-15T05:07:47","date_gmt":"2022-04-15T00:07:47","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=255109"},"modified":"2022-04-15T05:07:47","modified_gmt":"2022-04-15T00:07:47","slug":"pm-shehbaz-urged-to-review-sbp-decision-ubg","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/","title":{"rendered":"PM Shehbaz urged to review SBP decision: UBG"},"content":{"rendered":"<p> KARACHI<br \/>\nChief Petron SM Munir, President Zubair Tufail, leaders and members of the United Business Group(UBG) have requested to Shehbaz Sharif, Prime Minister of Pakistan to review the decision of the State Bank of Pakistan (SBP) to increase the interest rate which is widely criticized and condemned by the business community across the country as this decision has caused a great deal of anxiety and concern in business circles.<br \/>\nUBG,s Chief Petron SM Munir and President Zubair Tufail further commented that Pakistan\u2019s economy is already confronted with many challenges including dwindling foreign direct investment, growing fiscal imbalances, rising inflation, sharp currency devaluation, unbearable foreign debt and depleting foreign exchange reserve.<br \/>\nThe adverse abrupt decision of SBP to make a steep hike of 2.5 percent in benchmark interest rate taking it to 12.25 pc is a harsh measure badly affecting the business activities of all sectors particularly it would hurt the export, UBG added.<br \/>\nWhile comparing Pakistan policy rate with the other countries of the region, UBG said the policy interest rate was 4.75 in Bangladesh, 3.7 pc in China, 4 pc in India, 0.75 pc in Hong Kong, 0.5 percent in Thailand while in Pakistan it is 12.25 pc which is the highest in the region. The recent massive hike in the policy rate would adversely affect all sectors of the economy and lead sharp downfall in all business activities.<br \/>\nIf the massive hike in the policy rate is not revisited and withdrawn this irrational increase will prove disastrous for the economy and lead sharp downfall in all business activities in all sectors of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI Chief Petron SM Munir, President Zubair Tufail, leaders and members of the United Business Group(UBG) have requested to Shehbaz Sharif, Prime Minister of Pakistan to review the decision of the State Bank of Pakistan (SBP) to increase the interest rate which is widely criticized and condemned by the business community across the country as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-255109","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>PM Shehbaz urged to review SBP decision: UBG<\/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\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Shehbaz urged to review SBP decision: UBG\" \/>\n<meta property=\"og:description\" content=\"KARACHI Chief Petron SM Munir, President Zubair Tufail, leaders and members of the United Business Group(UBG) have requested to Shehbaz Sharif, Prime Minister of Pakistan to review the decision of the State Bank of Pakistan (SBP) to increase the interest rate which is widely criticized and condemned by the business community across the country as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/\" \/>\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=\"2022-04-15T00:07:47+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\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/\"},\"author\":{\"name\":\"Web Desk\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\"},\"headline\":\"PM Shehbaz urged to review SBP decision: UBG\",\"datePublished\":\"2022-04-15T00:07:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/\"},\"wordCount\":269,\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/\",\"name\":\"PM Shehbaz urged to review SBP decision: UBG\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\"},\"datePublished\":\"2022-04-15T00:07:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/pm-shehbaz-urged-to-review-sbp-decision-ubg\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PM Shehbaz urged to review SBP decision: UBG\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"name\":\"Daily Lead Pakistan\",\"description\":\"Daily Lead Pakistan\",\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\",\"name\":\"Daily lead Pakistan\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"contentUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"width\":1000,\"height\":154,\"caption\":\"Daily lead Pakistan\"},\"image\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DailyLeadPak\\\/\",\"https:\\\/\\\/x.com\\\/DailyLeadPak\",\"https:\\\/\\\/instagram.com\\\/DailyLeadPak\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\",\"name\":\"Web Desk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"caption\":\"Web Desk\"},\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/author\\\/edt\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PM Shehbaz urged to review SBP decision: UBG","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/","og_locale":"en_US","og_type":"article","og_title":"PM Shehbaz urged to review SBP decision: UBG","og_description":"KARACHI Chief Petron SM Munir, President Zubair Tufail, leaders and members of the United Business Group(UBG) have requested to Shehbaz Sharif, Prime Minister of Pakistan to review the decision of the State Bank of Pakistan (SBP) to increase the interest rate which is widely criticized and condemned by the business community across the country as [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2022-04-15T00:07:47+00:00","author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/"},"author":{"name":"Web Desk","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62"},"headline":"PM Shehbaz urged to review SBP decision: UBG","datePublished":"2022-04-15T00:07:47+00:00","mainEntityOfPage":{"@id":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/"},"wordCount":269,"publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/","url":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/","name":"PM Shehbaz urged to review SBP decision: UBG","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#website"},"datePublished":"2022-04-15T00:07:47+00:00","breadcrumb":{"@id":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/leadpakistan.com.pk\/news\/pm-shehbaz-urged-to-review-sbp-decision-ubg\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leadpakistan.com.pk\/news\/"},{"@type":"ListItem","position":2,"name":"PM Shehbaz urged to review SBP decision: UBG"}]},{"@type":"WebSite","@id":"https:\/\/leadpakistan.com.pk\/news\/#website","url":"https:\/\/leadpakistan.com.pk\/news\/","name":"Daily Lead Pakistan","description":"Daily Lead Pakistan","publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leadpakistan.com.pk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/leadpakistan.com.pk\/news\/#organization","name":"Daily lead Pakistan","url":"https:\/\/leadpakistan.com.pk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","contentUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","width":1000,"height":154,"caption":"Daily lead Pakistan"},"image":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DailyLeadPak\/","https:\/\/x.com\/DailyLeadPak","https:\/\/instagram.com\/DailyLeadPak\/"]},{"@type":"Person","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62","name":"Web Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","caption":"Web Desk"},"url":"https:\/\/leadpakistan.com.pk\/news\/author\/edt\/"}]}},"_links":{"self":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/255109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/comments?post=255109"}],"version-history":[{"count":1,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/255109\/revisions"}],"predecessor-version":[{"id":255124,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/255109\/revisions\/255124"}],"wp:attachment":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/media?parent=255109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/categories?post=255109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/tags?post=255109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}