{"id":63223,"date":"2020-03-26T09:00:55","date_gmt":"2020-03-26T04:00:55","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63223"},"modified":"2020-03-25T17:02:28","modified_gmt":"2020-03-25T12:02:28","slug":"icci-requests-govt-reduce-interest-rate-to-5","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/icci-requests-govt-reduce-interest-rate-to-5.html","title":{"rendered":"ICCI requests govt to reduce interest rate to 5%"},"content":{"rendered":"\n<p>Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has requested the government to bring the interest rate down to 5% in the wake of the coronavirus pandemic, a news source reported. As per the publication, the chamber has urged the executive to facilitate the country&#8217;s traders and business persons amid the economic shortfall anticipated from the virus spread.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/commercial-plots-auction-inblue-area-delayed-cda.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CDA considers postponing commercial plots\u2019 auction in Blue Area (opens in a new tab)\">CDA considers postponing commercial plots\u2019 auction in Blue Area<\/a><\/p>\n\n\n\n<p>ICCI President Muhammad Ahmed Waheed said that the government had ordered the closure of business centres and shopping malls in metropolitan cities in order to contain the spread of the novel coronavirus. He added that imported goods and raw material of numerous industrial units were stuck at the Karachi seaport as transport facilities were unavailable due to the going lockdown.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/who-launches-human-coronavirus-health-alert-for-whatsapp.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"WHO launches human coronavirus health alert for WhatsApp (opens in a new tab)\">WHO launches human coronavirus health alert for WhatsApp<\/a><\/p>\n\n\n\n<p>Waheed said that the owners of industries had paid for the imported material and they could not pay mark up to the banks due to the stoppage in monetary circulation. He suggested that the interest rate should be reduced and the government should permit the businesspersons and traders \u2018to pay reduced mark up in instalments\u2019 so that they manage through the negative impact of <a href=\"https:\/\/www.zameen.com\/news\/rawalpindi-dc-orders-uninterrupted-food-supply-coronavirus-lockdown.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">coronavirus pandemic<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has requested the government to bring the interest rate down to 5% in the wake of the coronavirus pandemic, a news source reported. As per the publication, the chamber has urged the executive to facilitate the country&#8217;s traders and business persons amid the economic shortfall anticipated from the virus spread. Read: CDA considers postponing commercial plots\u2019 auction in Blue Area ICCI President Muhammad Ahmed Waheed said that the government had ordered the closure of business centres and shopping malls in metropolitan cities in order to contain the spread of the novel coronavirus. He added that imported goods and raw material of numerous industrial units were stuck at the Karachi seaport as transport facilities were unavailable due to the going lockdown. Read: WHO launches human coronavirus health alert for WhatsApp Waheed said that the owners of industries had paid for the imported material and they could not pay mark up to the banks due to the stoppage in monetary circulation. He suggested that the interest rate should be reduced and the government should permit the businesspersons and traders \u2018to pay reduced mark up in instalments\u2019 so that they manage through the negative&hellip;<\/p>\n","protected":false},"author":76,"featured_media":62814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15016],"tags":[24214,24215,24206,24213,4849,24209],"persona":[],"class_list":{"0":"post-63223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-new-developments","9":"tag-closure-of-business-centres","10":"tag-closure-of-shopping-malls","11":"tag-coronavirus-pandemic","12":"tag-economic-shortfall","13":"tag-interest-rate","14":"tag-islamabad-chamber-of-commerce-and-industry-icci","15":"cat-15015-id","16":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ICCI requests govt to reduce interest rate to 5% - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has requested the government to bring the interest rate down to 5% in the wake\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/icci-requests-govt-reduce-interest-rate-to-5.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICCI requests govt to reduce interest rate to 5% - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has requested the government to bring the interest rate down to 5% in the wake\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/icci-requests-govt-reduce-interest-rate-to-5.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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