{"id":411952,"date":"2024-06-10T08:24:24","date_gmt":"2024-06-10T03:24:24","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=411952"},"modified":"2024-06-10T08:24:24","modified_gmt":"2024-06-10T03:24:24","slug":"interest-rates-should-be-reduced","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/interest-rates-should-be-reduced\/","title":{"rendered":"\u2018Interest rates should be reduced\u2019"},"content":{"rendered":"<p>ISLAMABAD: President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Shaikh has said that in the budget, zero rated should be restored for industries, electricity rates, interest rates should be reduced. Inflation has reduced to 11.8%. 22% interest rate is unjustified. By reducing the interest rate, the government can save 3 trillion rupees in interest payments. Talking about the textile sector, Atif Ikram said that for the last four months, cotton imports from the US and Brazil have been blocked at the port, which has led to significant financial burden due to the increase in demurrage charges, which are now Rs 50 million. has been exceeded. DNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Shaikh has said that in the budget, zero rated should be restored for industries, electricity rates, interest rates should be reduced. Inflation has reduced to 11.8%. 22% interest rate is unjustified. By reducing the interest rate, the government can save 3 trillion rupees [&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-411952","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>\u2018Interest rates should be reduced\u2019<\/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\/interest-rates-should-be-reduced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Interest rates should be reduced\u2019\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Shaikh has said that in the budget, zero rated should be restored for industries, electricity rates, interest rates should be reduced. 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