Gohar Ejaz seeks major interest rate cut
[ With the Monetary Policy Committee (MPC) set to meet on July 30 (Wednesday), former caretaker commerce minister Dr Gohar Ejaz has warned that Pakistan’s current interest rate is crippling economic growth. He pointed out that the country’s 11% policy rate against a 3.2% inflation rate results in a punitive real interest rate of 7.8%, … Read more