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

Vanaspati Manufacturers Call for Single-Digit Interest Rates Amid Declining Inflation

The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the State Bank of Pakistan (SBP)

News Desk
December 14, 2024
Vanaspati Manufacturers Call for Single-Digit Interest Rates Amid Declining Inflation
Share on FacebookShare on Twitter
Advertisements

Karachi – The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the State Bank of

Pakistan (SBP) to bring down the policy interest rate to single digits in its upcoming Monetary Policy
Committee meeting on December 16. PVMA Chairman Sheikh Umer Rehan highlighted the need for a
significant reduction, citing record-low inflation figures as a basis for the demand.
In a statement, Sheikh Umer noted that inflation dropped to 4.9% in November, the lowest in 80
months, down from 7.2% earlier. He emphasized that maintaining the policy rate at its current high level
of 13-15% is detrimental to the economy and business activity. “The current economic environment
allows for a reduction of more than 5% in the interest rate,” he said.
The PVMA Chairman praised recent government efforts, crediting the Prime Minister, Finance and
Commerce Ministries, and the Army Chief for steering the country out of economic turbulence. He
highlighted the Special Investment Facilitation Council (SIFC) as a key contributor to these
improvements, which he said have restored confidence in the business community.
Sheikh Umer argued that lowering interest rates would help revive Pakistan’s sluggish economy by
providing access to affordable loans for industrialists, stimulating investment in the industrial sector. He
added that reduced interest rates would also ease the government’s debt burden and spur economic
growth.
“Lower rates will increase trade opportunities and economic activity, putting Pakistan on track to meet
its growth targets by the end of the fiscal year,” he concluded.
The business community has echoed these sentiments, urging policymakers to prioritize growth-
oriented measures as the country moves toward economic recovery.

Advertisements
Advertisements
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

Zulfiqar Ali Bhutto Jr. to Launch New Political Party with Sister Fatima Bhutto
Headline

Zulfiqar Ali Bhutto Jr. to Launch New Political Party with Sister Fatima Bhutto

July 29, 2025
Headline

Rajab Butt Warns Brother-in-Law Over Using Wife Emaan for Views Amid Private Video Scandal

July 29, 2025
Illegal Kidney Transplant Gang Busted in Sheikhupura — PHOTA Raids Private Hospital
Headline

Illegal Kidney Transplant Gang Busted in Sheikhupura — PHOTA Raids Private Hospital

July 29, 2025
Headline

Rajab Butt Scandal: Who Leaked Private Videos of the YouTuber and His Friends?

July 29, 2025
Tea Dating App Data Breach: Private Images & Chats of Over 1.1 Million Women Leaked Online
Headline

Tea Dating App Data Breach: Private Images & Chats of Over 1.1 Million Women Leaked Online

July 29, 2025
Pakistani-American Surgeon Launches “Hami” — World’s First AI-Powered Physician Assistant in Pakistan
Headline

Pakistani-American Surgeon Launches “Hami” — World’s First AI-Powered Physician Assistant in Pakistan

July 29, 2025
Govt to Launch E-Bike Scheme on Easy Installments from August 14 — Over 100,000 Bikes to Be Distributed
Headline

Govt to Launch E-Bike Scheme on Easy Installments from August 14 — Over 100,000 Bikes to Be Distributed

July 29, 2025
Petrol Supply Delays Lead to Significant Losses for Dealers in Karachi.
Headline

Will Petrol Prices Finally Drop? Govt Expected to Announce Relief from August 1

July 29, 2025
Convert Your Petrol Bike to Electric & Get Rs100,000 Cash Incentive — Punjab Government’s Green Credit Program Launched
Headline

Convert Your Petrol Bike to Electric & Get Rs100,000 Cash Incentive — Punjab Government’s Green Credit Program Launched

July 29, 2025
Mardan Board Announces Matric Results 2025 — Here’s How You Can Check Online
Headline

Mardan Board Announces Matric Results 2025 — Here’s How You Can Check Online

July 29, 2025
Next Post
Our Effort is to Unite Associations and Chambers on One Platform, S.M. Tanveer

Our Effort is to Unite Associations and Chambers on One Platform, S.M. Tanveer

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

Rao Anwar
Headline

Rao Anwar retires after 37 years of service

January 1, 2019
Refunds
Headline

UBG leadership had won the hearts of the business community: SM Muneer

November 28, 2020
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.