{
  "id": 16143880,
  "title": "PCDMA urges SBP for lower policy rate",
  "url": "https://urgent.news/2026/10/23/pcdma-urges-sbp-for-lower-policy-rate",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T02:54:19.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445574/pcdma-urges-sbp-for-lower-policy-rate"
  },
  "original_language": "en",
  "account": "Karachi: Pakistan Chemicals & Dyes Merchants Association Chairman Saleem Mukati has called on State Bank of Pakistan Governor Jameel Ahmed to contemplate a reduction of the policy rate during the upcoming Monetary Policy Committee meeting scheduled for October 26. The objective, according to Mukati, is to stimulate economic activity and alleviate the capital scarcity that the business community is currently experiencing. Mukati pointed out that the existing elevated policy rate poses a significant obstacle for businesses. He argued that lowering the policy rate to single digits would have a beneficial effect on the national economy and infuse new vigor into industry and trade. Mukati noted that the world is currently experiencing economic uncertainty, and Pakistani businesses and industries are also facing substantial economic challenges. In this context, he emphasized that the practice of raising interest rates solely for the purpose of controlling inflation would not be effective and would instead impose a burden on traders and industrialists. Mukati urged the SBP governor to take the concerns of the business community seriously and adopt a policy of reducing interest rates to attain economic stability. He stated that such a move would not only boost industry and trade but also create new employment opportunities through accelerated economic activity and alleviate the financial hardships faced by businesses.",
  "summary": "KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) Chairman Saleem Mukati has urged State Bank of Pakistan (SBP) Governor Jameel Ahmed to consider reducing the policy rate at the central bank’s Monetary Policy Committee (MPC) meeting expected on October 26, in order to accelerate economic activity and ease the shortage of capital faced by the business community. Makati said the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}