The Vice President of Anjuman Tajran Sanitary Ware Mian Saleem here on Sunday said that keeping the 15 percent interest rate was detrimental to them. Rejecting the new monetary policy he averred that this Policy was deplorable and would bring the economy to disaster. He said this policy would increase unemployment in the Country and result in decline of economic growth.
He said due to this policy and constant increase in the rates of electricity they would not be able to compete the regional countries in the competition. He said the monetary policy of the Country should be made in line with keeping the realities of the industry. He said due to new monetary policy, the small trader would vanish and industry would be destroyed.