Pakistan Business Forum demands reduction in interest rates in the meeting of State Bank’s Monetary Policy Committee on April 29
Prime Minister Mian Shahbaz Sharif understands the problems of the business community and has the experience to solve them; Khawaja Mehboobur Rehman.
LAHORE: President Pakistan Business Forum Khawaja Mehboobur Rahman has demanded a reduction in interest rates in the April 29 meeting of the State Bank’s Monetary Policy Committee to enable businesses to access loans from commercial banks and reduce the cost of doing business. can be made tolerable with regard to Addressing the members of Pakistan Solvent Extractors Association last night, Khawaja Mehboobur Rahman said that our commitment and mission is to solve the problems of the business community and the industry, as well as the unity and solidarity of the country’s business community. Prime Minister Mian Shahbaz Sharif understands the problems of the business community and has extensive experience in solving them. Soon we are sending our budget proposals to the federal government. SIFC is the newcomer of this country. Addressing the event, President PBF further said that while the Pakistan Business Forum supports efforts to increase the tax-to-GDP ratio; It insists on achieving this only through broadening the tax base and simplifying the taxation system. He added that the only practical way to achieve a tax-to-GDP ratio of 15 percent in the next 5 years is to add 1.5 to 2 million new taxpayers to the tax net. He said that tax and FBR reforms should not be done without consulting the business community; Because such attempts in the past have failed completely many times. On this occasion, PBF Chairman South Punjab Malik Talat Sohail said that taxes have broken the back of the people and the business community, the growth rate of Pakistan’s economy is expected to be only 2.1% in the current financial year. Inflation is expected to trend downward in the coming months. Therefore, it has become imperative to reduce the key policy rate as soon as possible and Pakistani exporters should be supplied at a competitive rate compared to regional countries. President PBF Multan Saleha Hassan urged the opposition parties to play a positive role in the parliament so that the country can move forward to achieve the goal of economic stability in an efficient manner.
