Inflation down, interest rate cut to 2%: Adnan Butt

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Adnan Butt, vice president of Lahore Chamber of Commerce and Industry, has said that inflation has decreased, so the interest rate should be reduced to 2 percent.

In a statement, Adnan Butt said that it should be announced in the monetary policy by the State Bank.

He said that it is not possible to do business at the current 22 percent interest rate.

Adnan Butt also says that due to high interest rates, banks earned billions of rupees and the businessman became poor.

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