LAHORE : Pakistan Industrial and Traders Associations Front (PIAF) demanded State Bank of Pakistan (SBP) lower down the interest rates from 7 percent to 4 to 4.50% as the current mark-up rate is insufficient in the presence of the second wave of corona epidemic.
In a statement issued here Sunday, PIAF Chairman Mian Noman Kabir, Senior Vice-Chairman Nasir Hameed Khan and Vice-Chairman Javed Iqbal Siddiqui stated that the business community was expecting a 2 to 3 percent decline, but it didn't happen.
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