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Pakistan: Central Bank Must Cut Interest Rate – OpEd
Pakistan, already suffering from cost-pushed-inflation, faces two challenges. The Monetary Policy Committee (MPC) has to make a difficult decision of cutting interest rate for making debt servicing sustainable.
The business community is already jittery due to likely introduction of new taxes, no reduction in interest rate, but more distressing hike in electricity and gas tariffs.
Analysts believe, Pakistan’s current account just can’t be improved without restoring competitiveness of the local manufacturers.
During this........
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