The institution underlined the gravity of the issue and called for a strong political commitment from both civil and military leadership in order to immediately lower the nation’s exorbitant interest rates.
The NUST research lists Pakistan’s economy’s five main problems as huge current account and budgetary deficits, growing debt, slow economic development, and consistently high rates of inflation. The report emphasizes how important it is to deal with these issues as soon as possible.
The institute specifically recommends an instant decrease in the present policy rate, which is 22%. It projects significant yearly savings of billions of rupees even at a 1% reduction. Furthermore, NUST suggests holding off on starting any new infrastructure projects and combining the federal development budget for the following two years.
