Industrialists warn against policy rate hikes

KARACHI: Industrialists and analysts have warned that any increase in the policy rate would further raise the cost of doing business, aggravating the already unsustainable costs of manufacturing and production. The market is expecting an increase in the key policy rate in the next meeting to be held on Oct 26, 2026. Currently rate is stood at 11.5 percent. Reacting on this expected monetary tightening, Ateeq Ur Rehman Economic &Financial Analyst has warned that consumers would ultimately bear th

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