Pakistani industrialists irked by SBPs stubbornness over policy rate – Geo News

“Was this a populist move? Was it under the federal government’s pressure? Was the MPC convinced they had made a blunder? I’m confused,” says Majyd Aziz Balagamwala, a Karachi-born business tycoon, of the State Bank of Pakistan’s (SBP) second policy rate cut in less than 10 days.

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