KARACHI, May 14: The Board of Directors of the Pakistan Business Council (PBC) elected Ali S. Habib as its new chairman following the early retirement of Asad Umar. The Board also elected Sikander Mustafa Khan as the new vice chairman of the PBC.
There is no ambiguity about whether very high inflation devastates society; but economists are not entirely sure how much influence high interest rates hold in controlling inflation.
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