Public-private partnership must for economic stability: Chawla

KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Sultan Chawla urged manufacturers for increase in production instead of increasing interest rates to bring surge in commodities’ demand and added, “by this way you could stop rising inflation.”He was addressing a press conference here at Federation House on Tuesday. He proposed for cutting interest rates as he said, “It increases production cost resulting hike in commodities’ prices and in the long run adversely affects their demand.”Sultan Chawla also proposed, “Public- private partnership is a need of the hour in order to gain stability in economy, which will help locals as well as foreign manufacturers invest in our market.”Also, he laid stress on the growth of agriculture and education for attaining economic development.