ADVERTISEMENT
Thursday, July 31, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

FPCCI Shows Concern over the Rising of Policy Rate

News Desk
May 22, 2019
FPCCI
Share on FacebookShare on Twitter
Advertisements

Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) showed his serious concern over the hiking of policy rate by another 150 basis points in view of prevailing inflation, devaluation of the currency and twin deficit in Pakistan. He added that SBP continues to operate a tight monetary policy despite the clear evidence that this policy strangulates investment and hampered the economic activities in Pakistan in Pakistan.

He underlined that the IMF bailout package will further create a burden on a poor segment of society in terms of rising utility prices which will ultimately increase inflation in the economy. At present, every Pakistani possess a debt of one lac fifty-nine thousands rupees.

Advertisements

President FPCCI termed the contractionary monetary policy as an anti-investment policy which has declined the economic activities in the first ten month of the current fiscal year due to declining of large scale manufacturing and service sector. He indicated that 12.25 percent policy rate is very high compared to regional economies like India 6.0 percent, China 4.35 percent, Sri Lanka 9.0 percent, Thailand 1.75 percent, Indonesia 6.5 percent, Malaysia 3.00 percent, etc.

While commenting on the devaluation of the currency, he stated that the rising exchange rate will increase the prices of imports particularly petroleum products which comprises 30 to 35 percent import bill of Pakistan. He suggested the government to intervene in the economy for currency stabilization and control of inflation. He said that the present inflation rate is 7.0 percent which is high compared to last year same period 3.8 percent, but this inflation is cost-push inflation which can’t be controlled through demand management policies. The major cause of rising inflation in the country is the high cost of doing business particularly utility prices, an increase in the prices of industrial inputs and shortage of essential items of daily necessity. The government should focus to increase the demand for credit by declining interest rates and make easy access to finance. Globally, the aim of monetary policy is to protect the value of the currency in co-ordination with the fiscal policy in order to achieve the objectives of macro-economic stability with constraining inflation and expansion of private sector investment, he added.

President FPCCI further stated that the government should create its own fiscal space for financing its expenditures instead of borrowing from SBP and other institutions. During the first ten month of the year, there was an expansion in private sector credit but is largely attributed to working capital due to rising of input prices. This private sector credit should be expanded to agriculture and industrial sector which are showing declining growth trend, he suggested.

Advertisements
Tags: Daroo Khan AchakzaiFPCCI
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Security in Industrial Zones is Top Priority, DIG East Dr. Farrukh Ali
Business

Security in Industrial Zones is Top Priority, DIG East Dr. Farrukh Ali

July 31, 2025
Sindh Spokesperson Meets with Chinese Consul General to Boost Bilateral Ties
Business

Sindh Spokesperson Meets with Chinese Consul General to Boost Bilateral Ties

July 31, 2025
AlFursan Loyalty Program Gains Popularity Among Travelers from Saudi Arabia
Business

AlFursan Loyalty Program Gains Popularity Among Travelers from Saudi Arabia

July 31, 2025
Non Development Government Expenditures Must reduce by 50 percent
ARTICLES

Non Development Government Expenditures Must reduce by 50 percent

July 31, 2025
Pakistan Lifestyle Exhibition held in Washington DC, Virginia, USA
Business

Pakistan Lifestyle Exhibition held in Washington DC, Virginia, USA

July 31, 2025
DGTO Launches Probe into APCAA Irregularities
Business

DGTO Launches Probe into APCAA Irregularities

July 31, 2025
21st HBL P@SHA ICT Awards to Recognize Diverse Capabilities Industry Poised to Drive Exports & Growth for the Nation
BANKING

21st HBL P@SHA ICT Awards to Recognize Diverse Capabilities Industry Poised to Drive Exports & Growth for the Nation

July 31, 2025
New research reveales urgent need for consistency in accounting for carbon-related instruments
Business

New research reveales urgent need for consistency in accounting for carbon-related instruments

July 31, 2025
Zindigi and The Magnum Ice Cream Company Pakistan (Walls) Collaborate to Empower Trikes Sales force Through Digital Payment Solutions
BANKING

Zindigi and The Magnum Ice Cream Company Pakistan (Walls) Collaborate to Empower Trikes Sales force Through Digital Payment Solutions

July 31, 2025
Mashreq Reports AED 6.2 Billion in Operating Income for H1 2025, Driven by Robust Loan Growth and Strategic Global Expansion
BANKING

Mashreq Reports AED 6.2 Billion in Operating Income for H1 2025, Driven by Robust Loan Growth and Strategic Global Expansion

July 31, 2025
Next Post
Zainab Ahmad

“See you in Court” Pakistani-American prosecutor who never lost!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene across 1 million rural households, backed by the UK Government

Mehwish Salman Ali Elected President of CxO Global Forum USA Chapter

Hisaar Foundation at the UN

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Must Read

The meeting chaired by the Commissioner Karachi Syed Hassan Naqvi reviewed the project of beautification of Sharae Faisal at his office on Wednesday.
Headline

The meeting chaired by the Commissioner Karachi Syed Hassan Naqvi reviewed the project of beautification of Sharae Faisal at his office on Wednesday.

October 16, 2024
MBBS Seats Increased in Private Medical Colleges Across Punjab
Headline

Govt decides to ‘cap’ private medical colleges’ fee

March 19, 2025
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.