IslamabadAttaf Ikram Sheikh, the President of the Pakistan Federation for Trade and Industry (FPCCI) expressed his concerns about the country’s current monetary policy, and highlights dissatisfaction between business, industry and commercial societies. The Sheikh criticized the policy of maintaining a large installment higher than the basic inflation, which is believed to hinder economic progress.
In a statement, Sheikh indicated that inflation in Pakistan is at its lowest level in nine years, as government data showed inflation at 1.5 % in February 2025 and 2.4 % in January 2025.
After consulting with various industries and sectors, FPCCI called for an immediate reduction and one doctor of 500 basis points at the upcoming MPC meeting (MPC), to be held on March 10, 2025. The Business Authority emphasizes the need to increase support in support.
The sheikh also indicated that industry estimates expect the basic inflation between 1-3 % in the fourth quarter of the fiscal year 25, driven by low prices and reduced inflationary pressures.
