Interest rate reduction demanded as CPI hits historic low of 3% – SUCH TV

Mr. S. M. Tanveer, Patron-in-Chief of UBG, has called for a reduction in the interest rate to 6% following a sharp decline in the Consumer Price Index (CPI) to a historic low of 3% in August 2025.

He said this significant drop has sparked widespread calls from business leaders and economists, who argue that the current rate of 11% is no longer justified.

Tanveer stressed that the high real interest rate is stifling industrial growth and economic development.

He emphasized that lowering the rate to at least 6% could revive industrial activity, create jobs, boost export competitiveness, reduce the government’s debt burden of over Rs 3.5 trillion, and encourage investment and business confidence.

He urged the State Bank of Pakistan to take immediate action. “We demand that the State Bank of Pakistan lowers the interest rate to at least 6%.

This step will not only revive industries and support employment but also strengthen exports, ease the debt burden, and boost investor confidence,” he said.

Tanveer also called on Chambers of Commerce, Trade Associations, and business leaders nationwide to unite in demanding a growth-oriented and rational economic policy.

As the country celebrates this economic milestone, he remarked that the eyes of the business community and the nation are on policymakers, expecting decisions that will drive sustained economic growth and development.