Govt initiatives restore confidence of industrialists: Ali Pervaiz Malik

According to Ali Pervaiz Malik, Minister of State for Finance, Revenue, and Power, the government’s actions have given businesspeople their trust back.

In response to Senator Zeeshan Khanzada’s demand to action during Friday’s upper house meeting, he stated that the government’s measures had caused the kibor rate to drop to 13.5% and that interest rates are falling in tandem with the decline in inflation.

Senator Zeeshan Khanzada had earlier called the State Bank’s recent interest rate cut inadequate and sent a notification to the administration to bring the issue to their notice.

He claimed that everything gets more costly as the dollar rate rises. “We should lower lending rates and make concessions to our industries on raw materials and electricity.