Islamabad: Special Assistant to Prime Minister (PM) on Capital Development Authority (CDA) Ali Nawaz Awan on Thursday announced that the federal government was focused on cutting down the national interest rate, a news source reported.
Awan opined that a reduced interest rate would have a
positive impact on the industrial sectors of the country. He added that the
circular debt was already decreasing and revenue collection was moving up. He
also indicated that the inflation ratio was coming down.
Last year in November, the Islamabad Chamber of Commerce & Industry (ICCI) had requested the federal government to bring down the interest rate to a single digit. The chamber stated that this measure would help revive business activities in the country.
ICCI officials opined that higher interest rates were
preventing growth of business activities, which was keeping the economy stagnant.
Talking to a private news channel, the PM’s special
assistant invited all political parties to work with the incumbent government
for resolving the issues of the common man.
