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The North Karachi Association of Trade and Industry (NKATI) President, Faisal Moez Khan, has urged the government and State Bank of Pakistan (SBP) against raising interest rates in the next monetary policy. Citing escalating Gulf tensions, Khan warned that higher rates would negatively impact business activities, industrial production, and exports, exacerbating concerns over energy prices and import costs. He stressed the need for policies protecting production, employment, and exports amidst existing challenges like high energy costs. This stance could influence SBP's monetary policy decisions, potentially impacting the PKR's stability and local gold prices.

بحوالہ / Source: www.brecorder.com