RCCI Calls for Single-Digit Policy Rate by SBP
RAWALPINDI — The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged the State Bank of Pakistan (SBP) to adopt a single-digit policy rate. This move aims to boost economic growth and ease business pressures. Monetary Policy Concerns On Monday, RCCI President Usman Shaukat addressed the Monetary Policy Committee’s decision to retain the policy rate at 11.5 percent. He pointed out an opportunity for rate easing. A major worry is the rising inflation rate, which increased from 7.3 percent in March to 11.7 percent in May, primarily due to imported energy costs rather than domestic demand. Influences from Global Economy Shaukat identified global economic factors that might help stabilize inflation shortly. These include a potential truce between the US and Iran and a notable 20 percent drop in oil prices from their 2026 peak. Effect on Business Sector The RCCI president stressed that high financing costs adversely affect small and medium enterprises, manufacturers, and exporters. He called on the central bank to reverse recent tightening measures. Setting a clear pathway to single-digit interest rates is essential to stimulate investment, employment, and exports.









