SBP's maintaining status quo illogical amid falling inflation, rising growth.

ISLAMABAD -- The Federation of Pakistan Chambers of Commerce and Industry's ruling group has raised concern over keeping monetary policy rate unchanged at 7% for the third consecutive time, however, hailed the SB's indication of maintaining its accommodative monetary stance in the near-term to support the rare recovery amid uncertain Covid-19 challenges.

The FPCCI's ruling party, BMP, Chairman Mian Anjum Nisar said that in view of the policy rates in neighbouring countries Pakistan's 7 percent interest is very high, and its reduction is...