ISLAMABAD – The Federation of Paki­stan Chamber of Com­merce (FPCCI) has re­jected the 1.5 p.c discount in rate of interest introduced by the State Financial institution of Pakistan.

Whereas speaking to The Nation, former senator and President of FPC­CI Haji Ghulam Ali mentioned that the event for commerce and commerce was inconceivable with this in­terest price introduced by the SBP.

He acknowledged that the gov­ernment ought to deliver the rate of interest to a single digit in an effort to get some develop­ment in commerce and com­merce. Whereas criticising the federal government, he mentioned that the present inter­est price was harmful than the coronavirus for Pakistan.

The previous Senator additionally requested the govern­ment to offer reduction to the individuals in petrol and diesel costs in line with the foundations and legal guidelines; including that the value of petrol and diesel was $22 per barrel in inter­nationwide market and the federal government has diminished price to 15 rupees per lit­ter which is injustice with the individuals of Paki­stan.

He additional elaborat­ed that worth of pet­rol and diesel have been re­duced to the bottom price of 30 years and the gov­ernment must also re­duce the value per litter by Rs 40.