Interest rates

The government’s decision to increase interest rates from 10 to 10.25 percent in order to control inflation was laudable, but it has a slightly negative impact on the workings of the Pakistan Stock Exchange. This is because local investors are moving their investment to national savings schemes and other capital-protected funds.We know that our country need this tight economic policy, but we also hope that the government will ensure the timely implementation of the tax reliefs provided to stock exchange in the last budget.Sumeer KhalidKarachi

from The News International - Newspost https://ift.tt/2H8hTd1