Saquib Fayyaz Magoon
Coverage of Saquib Fayyaz Magoon in the Nexus archive.
- Business circles disappointed over SBP rate pause
The business community in Pakistan expressed disappointment over the State Bank of Pakistan's (SBP) decision to maintain the policy rate at 11.5%, urging a rate cut to support industrial recovery, exports, and investment. Organizations like the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and others argued that the unchanged rate hampers economic growth and competitiveness.
- CORPORATE WINDOW: No relief measures expected
The upcoming budget is expected to focus on export-led growth and fiscal consolidation under IMF pressure, with limited relief for essential commodities and petroleum products. Rising production costs from Middle East geopolitical tensions and unaffordable fuel prices are exacerbating consumer struggles, while revenue targets and tax measures remain priorities.