[:en]OUR CORRESPONDENT
LAHORE: Asim Ghani Usman, Chairman of the Pakistan Sugar Mills Association (Central), stated that inflation and interest rates are closely intertwined, generally, moving in the same direction. When inflation falls, it is typical for interest rates to be reduced as well.
Given that the inflation rate in the country has now dropped to 9.6%, despite ongoing economic challenges, Mr. Asim Ghani Usman urged policymakers to review the current interest rates at the upcoming monetary policy meeting. He emphasized that a reduction of 3 to 4% would be appropriate and beneficial under the present circumstances.[:]
