ICCI slams hike in policy interest rate to 17 percent - Press Release issued by Islamabad Chamber of Commerce and Industry.
Islamabad -- January 24, 2023 (PPI-OT)
Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)
Quote
Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that due to the current economic crisis and high prices of electricity, gas and petroleum products, the business community is already facing great difficulties as the cost of doing business has increased manifold. In these unfavourable business conditions, the State Bank of Pakistan has further increased the interest rate to 17%, which will prove disastrous for business and investment activities besides further increasing inflation for the common man. He said that in order...
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