{"id":5290,"date":"2024-12-17T12:29:09","date_gmt":"2024-12-17T07:29:09","guid":{"rendered":"https:\/\/tradingonlevels.com\/?p=5290"},"modified":"2024-12-17T12:29:09","modified_gmt":"2024-12-17T07:29:09","slug":"trade-industry-insist-on-single-digit-policy-rate","status":"publish","type":"post","link":"https:\/\/tradingonlevels.com\/?p=5290","title":{"rendered":"Trade, industry insist on single-digit policy rate"},"content":{"rendered":"<h2 class=\"story__title      text-7.5  font-bold  font-playfair-display      mt-1  pb-3  border-b  border-gray-300  border-solid\" dir=\"auto\" data-layout=\"story\" data-id=\"1879247\"><span style=\"text-decoration: underline;\">Trade, industry insist on single-digit policy rate<\/span><\/h2>\n<h4>KARACHI: Barring foreign investors and multinational companies (MNCs), the State Bank\u2019s decision to\u00a0<a href=\"https:\/\/www.dawn.com\/news\/1879097\/sbp-cuts-key-policy-rate-by-200bps-to-13pc\">cut the interest rate<\/a>\u00a0by 200bps to 13pc on Monday disappointed local businessmen expecting a 400-500bps cut in line with a sharp drop in inflation.<\/h4>\n<h4><span class=\"light\">While extending a cautious welcome to the policy rate decision, Federation of Pakistan Chamber of Commerce and Industry President (FPCCI) Atif Ikram Sheikh termed it insufficient as the apex chamber had sought a 500bps cut since inflation hit a 78-month low at 4.9pc in November.<\/span><\/h4>\n<h4><span class=\"light\">He said that bringing the policy rate to a single digit would boost economic activities as overall major indicators showed a positive trend.<\/span><\/h4>\n<h4><span class=\"light\">However, Pakistan Business Council Chief Executive Ehsan Malik said the cut is consistent with the expectations to keep inflationary and current account pressures in check and support gradual and sustainable growth.<\/span><\/h4>\n<h5><a href=\"https:\/\/www.dawn.com\/news\/1879247\/trade-industry-insist-on-single-digit-policy-rate\">https:\/\/www.dawn.com\/news\/1879247\/trade-industry-insist-on-single-digit-policy-rate<\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>Trade, industry insist on single-digit policy rate KARACHI: Barring foreign investors and multinational companies (MNCs), the State Bank\u2019s decision to\u00a0cut&#8230;<\/p>\n","protected":false},"author":3,"featured_media":5272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-5290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts\/5290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5290"}],"version-history":[{"count":1,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts\/5290\/revisions"}],"predecessor-version":[{"id":5291,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/posts\/5290\/revisions\/5291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=\/wp\/v2\/media\/5272"}],"wp:attachment":[{"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingonlevels.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}