RAWALPINDI, JAN 26 /DNA/ – The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed disappointment over the State Bank of Pakistan’s decision to keep the policy rate unchanged at 10.5 percent, despite visible signs of inflationary stabilization and improving macroeconomic indicators.
In a statement, RCCI President Usman Shaukat said that recent inflation trends and positive monetary signals had created a strong case for a reduction in the policy rate. He noted that maintaining a high interest rate at this stage may further strain industrial activity and investment sentiment.
The RCCI President emphasized that an immediate reduction in the policy rate is essential to stimulate industrial growth and attract fresh investment. “Lower interest rates will significantly reduce the cost of capital, encourage expansion in the manufacturing sector, and provide much-needed support to overall economic recovery,” he stated.
Highlighting the challenges faced by industries, Usman Shaukat said that proactive monetary easing would help revive industrialization, enhance competitiveness, and create employment opportunities—key elements for achieving sustainable economic development.
RCCI urged the State Bank of Pakistan to reconsider its current stance and announce a policy rate cut at the earliest opportunity to create a more conducive environment for industrial growth and economic progress.
