President ABF felicitates SBP governor

President American Business Forum (ABF) Salim Ghauri has felicitated the newly appointed Governor State Bank of Pakistan (SBP) Yasin Anwar and expressed the hope that he would be able to strike a balance between the discount rate and inflation in the country.
Salim Ghauri, who is recently been elected Chairman ABF for next two years, in a statement said that Pakistan economy was under strong inflationary pressure, leading to tight monetary policy that is causing trouble to many industrial sectors. Resultantly, he said, the number of Non Performing Loans (NPLs) is on the surge and exposing many business ventures to bank defaults and finally insolvency.