By The Public
Lahore: The Ferozpur Road Industrial Welfare Organisation (FRWO) Mian Abdul Razzaq (Patron-in-Chief), Haji Muhammad Akram (Chairman), and Kashif Imran Bhatti (Vice Chairman) has described the State Bank of Pakistan’s decision to cut the policy rate by 50 basis points to 10.5%, after four consecutive meetings without change, as a positive but insufficient measure given prevailing economic conditions.
FRWO reacts to State Bank policy rate decision
In a joint statement, FRWO leadership said that while inflation has eased to around 6%, real interest rates remain high, continuing to raise the cost of borrowing for businesses.
High borrowing costs hurting industry and SMEs
They noted that prolonged monetary tightness has restricted investment, SME activity, and industrial growth, particularly across manufacturing and export-oriented sectors.
Call for stronger monetary easing cycle
The organisation emphasized that although macroeconomic stability is important, a stronger and timely easing cycle is now required to restore confidence, encourage credit flow, and support sustainable economic growth in 2026.
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