'SBP policy decision a blow to recovery'

'SBP policy decision a blow to recovery'

The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has criticised the decision of the State Bank of Pakistan (SBP) to maintain its key policy rate at 11%, calling it a major blow to industrial recovery, export growth and job creation efforts. In a statement on Thursday, PHMA Zonal Chairman Abdul Hameed said that value-added textile export sectors were expecting a long-awaited reduction in interest rate to single digits in light …

PHMA terms SBP’s policy rate decision a major blow to

export growth LAHORE The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has criticised the decision of the State Bank of Pakistan to maintain the key policy rate at 11 percent, calling it a major blow to the country’s industrial recovery, export growth and job creation efforts. In a statement issued here on Thursday, PHMA Zonal Chairman Abdul Hameed said that the value-added textile export sectors were expecting a long-awaited r…

RCCI expresses strong resentment Over SBP’s decision - Islamabad Post

DNA Rawalpindi – July 31, 2025: The President of the Rawalpindi Chamber of Commerce & Industry (RCCI), Usman Shaukat, has strongly criticized the State Bank of Pakistan (SBP) for maintaining the policy interest rate at an excessively high level of 11 percent. The decision has sparked frustration among the business community, which had widely anticipated a significant rate cut to single digits in order to spur economic revival. Expressing deep co…