Pakistan In Focus - Businessmen community demand cut in policy rate.

The business community has urged the government to slash the policy rate instead of hiking it in order to revive the economy and boost business and trade activities, which have been affected by the coronavirus pandemic.

In a meeting with traders and industrialists on Wednesday, Sarhad Chamber of Commerce and Industry President Sherbaz Bilour anticipated that the government would raise the policy rate by 2 percent, which would prove detrimental to the Covid-19-hit domestic economy...