The real interest rates have been artificially kept low in Pakistan over the years despite mega-inflation. In real terms, it hovered around 40 per cent. Additionally, a higher interest rate is a tool to encourage and increase savings, sustain the worth of national currency, control inflation and stabilise the economy by giving fair treatment to all segments of society. Hence, there is a need to keep the interest rate unchanged. S. ISRAR ALIKARACHI

Source: Pakistan Today May 19, 2024 18:52 UTC