RCCI lauds lowering interest rate to single digit


RAWALPINDI, APR 16 (DNA) – The Rawalpindi Chamber of Commerce and Industry (RCCI) laud the announcement of State Bank Of Pakistan for lowering interest rate to single digit.

RCCI President Saboor Malik in a statement said that this is very good news and single digit interest will help the industry to boost amid Covid-19.

The business community was demanding this for a long time and we are happy to see the further reduction of 200 basis points from 11% to 9%. This will ease borrowing, reduce costs of business and also help government to maintain financial stability, added. =DNA