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Interest rate will not be lowered until drop in inflation: Tareen

Interest rate will not be lowered until drop in inflation: TareenKARACHI: Finance Advisor, Shaukat Tareen has urged upon the banks to focus on core banking in a bid to meet the financial requirements of the industrial sector.

Talking here, he said that the interest rate would not be lowered until the inflation rate mellows down. He said that the investment of the banks in the stock markets would be capped. “He is visiting every investment company so that economic targets could be made better”, he said.

Shaukat Tareen said that 165 million dollars expected to be received this month from US on account of war against terrorism, which would clear the April 2008 bill.

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