ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) welcomed the monetary policy announced by the State Bank of Pakistan (SBP) in which the interest rate was kept unchanged. “The decision will help enhance business activity,” said ICCI President Shaban Khalid. While speaking to the media, he said that the cost of production was a major cause for inflation in the country, which also affects energy and petrol prices. Khalid said the decision would encourage small businessmen to take loans and invest in businesses, creating employment opportunities. Responding to a question, he said that stability in rupee is necessary for international repayment especially on oil. “Cordial relations must be developed with all regional countries for strengthening of mutual trade and investment opportunities in the region,” he added.
Published in The Express Tribune, May 22nd, 2014.
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