ADVERTISEMENT
Wednesday, July 30, 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 Business

PCDMA Rejects 12% Interest Rate Decision

Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has rejected the State Bank's decision to keep the interest rate at 12% and demanded a significant reduction.

Syed Turab Shah
March 10, 2025
PCDMA Rejects 12% Interest Rate Decision
Share on FacebookShare on Twitter
Advertisements

Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has rejected the State Bank’s decision to keep the interest rate at 12% and demanded a significant reduction. He expressed concern over the State Bank’s actions, which he believes are contrary to the ground realities. He emphasized that economic conditions in the country are improving, and inflation is decreasing, yet no significant reduction in the interest rate has been made.

Salim Valimuhammad, in a statement, said, “We had hoped that this time the central bank would make a substantial reduction in the interest rate. However, by keeping the interest rate at 12%, the State Bank has dashed the hopes of the business community.”

Advertisements

He added that such measures would neither accelerate economic activities nor attract new investment. The government should ensure loans at lower interest rates to promote business and formulate policies that will expedite commercial activities.

PCDMA chairman requested the Governor of the State Bank to bring the interest rate to a single digit in the best interest of the economy, to ease access to loans and allow traders to expand their businesses.

Advertisements
Syed Turab Shah

Syed Turab Shah

Related Posts

HCSTSI Vice President Shan Sehgal Participates in Education Expo 2025
Business

HCSTSI Vice President Shan Sehgal Participates in Education Expo 2025

July 30, 2025
Qatar Airways Expands Saudi Network with New Abha Flights and More NEOM Options.
Business

Qatar Airways Unveils Global Winter Schedule, Increasing Flights to Over 15 Destinations Including Up to 10 Daily Flights to London Heathrow

July 30, 2025
CCP Enforcement Gains Pace: 223 Cases Resolved, PKR 360m Recovered
Business

CCP Enforcement Gains Pace: 223 Cases Resolved, PKR 360m Recovered

July 30, 2025
From Karachi Roads to Coastal Rides with Temu in the Pack
Business

From Karachi Roads to Coastal Rides with Temu in the Pack

July 30, 2025
Environment conference demands full provincial autonomy to fight environmental degradation
Business

Environment conference demands full provincial autonomy to fight environmental degradation

July 30, 2025
Cadence Design Systems Agrees to Plead Guilty and Pay Over $140 Million for Unlawfully Exporting Semiconductor Design Tools to a Restricted PRC Military University
Business

Cadence Design Systems Agrees to Plead Guilty and Pay Over $140 Million for Unlawfully Exporting Semiconductor Design Tools to a Restricted PRC Military University

July 30, 2025
KYRGYZ DELEGATION LED BY DEPUTY PM EDIL BAISALOV VISITED KPT
Business

KYRGYZ DELEGATION LED BY DEPUTY PM EDIL BAISALOV VISITED KPT

July 30, 2025
SABS UNIVERSITY JAMSHORO ELECTS MEMBERS FOR STATUARY BODIES
Headline

SABS UNIVERSITY JAMSHORO ELECTS MEMBERS FOR STATUARY BODIES

July 30, 2025
Pakistan Flood Relief Initiative Launched by Houston-Karachi Sister City Association, Alliance for Disaster Relief, and Helping Hands for Relief & Development
Business

Pakistan Flood Relief Initiative Launched by Houston-Karachi Sister City Association, Alliance for Disaster Relief, and Helping Hands for Relief & Development

July 30, 2025
Boston Health AI Launches Hami: The World’s First AI-Powered Physician Assistant for End-to-End Patient Care
Business

Boston Health AI Launches Hami: The World’s First AI-Powered Physician Assistant for End-to-End Patient Care

July 30, 2025
Next Post
Site Chief Terms 12% Policy Rate Decision as Disappointing

Site Chief Terms 12% Policy Rate Decision as Disappointing

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!

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

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

Must Read

The Educators senior school teams recently participated in an exhilarating Inter-School sports activities 2023-24.
Headline

The Educators senior school teams recently participated in an exhilarating Inter-School sports activities 2023-24.

December 14, 2023
31 Indian fishermen arrested, 5 boats seized by PMSA
Headline

31 Indian fishermen arrested, 5 boats seized by PMSA

February 20, 2022
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.