LAHORE: The business community has urged the government to bring down the interest rate so as to make the country’s export industry competitive to other countries.

“It is dire need of the hour to make our exports competitive, our government must bring down the interest rate to the level of other countries,” Pakistan Industrial and Trade Associations Front Vice Chairman Mian Nauman Kabir said in a press release on Sunday.

He termed 7 per cent interest rate insufficient to help boost the country’s export. “Keeping in view the Covid and other issues, the government must bring down the markup rate to 4pc or so as in India and Bangladesh,” he added.

Published in Dawn, November 30th, 2020