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DawnEN

Rate hike divides business community

<p>KARACHI: Foreign investors welcomed the State Bank of Pakistan’s (SBP) 50bps <a href="https://www.dawn.com/news/2039956/central-bank-raises-policy-rate-by-50-basis-points-to-12pc">rate hike</a> to 12 per cent on Monday, but the business community called it counterproductive for stabilisation, industrial growth and export competitiveness.</p> <p>M. Abdul A

Oct 27, 02:42 AM

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