High Policy Rate Hurting Economy: Gohar Ejaz
Former federal minister Gohar Ejaz said that State Bank of Pakistan is causing annual Rs3 trillion loss to national exchequer.
In a post uploaded on X platform on Tuesday, Gohar Ejaz asked the central bank why it is not realizing the annual loss of Rs3 trillion it is causing to the national exchequer by keeping the policy rate at 11 percent instead of six percent.
Read More: Gohar Ejaz Urges FBR to Target Non-Filers, Not Burden Existing Taxpayers
He further said the policy rate should be at six percent in line with this year’s year-to-date inflation of below five percent.
Gohar Ejaz said lowering the policy rate to five percent will allow the country to grow, create employment and boost exports.
One email a week. No noise.
A single story unwound carefully, plus the few things worth your time. Free, and it stays that way.
