RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) laud the announcement of State Bank of Pakistan for lowering interest rate to single digit.
RCCI President Saboor Malik in a statement said that this is very good news and single digit interest will help the industry to boost amid Covid-19.
The business community was demanding this for a long time and we are happy to see the further reduction of 200 basis points from 11% to 9%. This will ease borrowing, reduce costs of business and also help government to maintain financial stability, added.
