The SBP interest rate policy has drawn strong criticism from Pakistan’s business community. On Monday, trade and industry leaders called the State Bank of Pakistan’s decision to keep the policy rate at 11 percent “anti-growth.” They said high borrowing costs are damaging industrial competitiveness and slowing economic recovery. The SBP’s Monetary Policy Committee maintained the […]
Pakistan’s business community
Business community announces nationwide strike on july 19 against finance act and labor policy
Pakistan’s business community has strongly protested against the Finance Act 2026 and the proposed provincial labor policy, calling these measures harmful to businesses. They have announced a nationwide strike on July 19 to voice their concerns. The Karachi Chamber of Commerce and Industry (KCCI) stated that major trade organizations across the country are supporting the […]