Pakistan Tycoon Calls for Interest Rate Cut to Spur Consumption
A street cleaner works on the sidewalk in front of the State Bank of Pakistan in Karachi, Pakistan. (Photographer: Asim Hafeez/Bloomberg)

Pakistan Tycoon Calls for Interest Rate Cut to Spur Consumption

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(Bloomberg) -- A top Pakistani industrialist is urging the nation’s central bank to lower interest rates, the highest in Asia, to spur consumption and investment in the economy.