Islamabad (Syed Javed Hassan Shah): President of the Quetta Chamber of Commerce and Industry, Haji Ayub Maryani, while welcoming the one percent reduction in the interest rate, said that considering the economic conditions, there was room for further reduction. This step will promote business activities, and industries will benefit to some extent from the reduced cost of loans.

President Ayub Maryani said that a further reduction in the interest rate is necessary for the economy to truly recover. We can understand that this is a precautionary measure aimed at reducing inflationary pressure and supporting growth. However, he said that if the interest rate is not reduced further,it made difficult to private sector loans.