Related Keywords: All Pakistan Textile Mills Association, bring down inflation rate, interest rate cut, LCCI, longstanding demand, Pakistan textile industry, State Bank of Pakistan, stimulate private sector growth
The longstanding demand of the Lahore Chamber of Commerce and Industry (LCCI) that the mark-up rate should be at the lowest to provide some breathing space to industries has been taken care of with the State Bank of Pakistan’s (SBP) decision to cut the interest rate by 100 basis points – from 9.5% to 8.5% which will not only help stimulate private sector growth but also bring down the inflation rate according to them.
