--- title: "SCCI reacts to State Bank maintaining 11.5% policy rate" description: "Most outlets led with the Sarhad Chamber of Commerce and Industry’s concern over the State Bank of Pakistan’s decision to keep the policy rate unchanged at 11.5 percent. They emphasized SCCI’s call for a reduction in the rate to support business and industrial growth. The Associated Press of Pakistan also noted the SCCI president’s specific remarks on the need for a gradual rate cut, while the Business Recorder described the business community’s “sharp reaction” to the decision." url: https://harzaviya.com/stories/8535-business-community-split-over-sbp-move site: HarZaviya language: en --- # SCCI reacts to State Bank maintaining 11.5% policy rate business · updated 17 Sep 2026, 2:56 AM PKT · 14–17 Sep 2026 · 8 articles from 5 outlets over 2 developments ## How it developed Newest development first. Each carries its own coverage and, where we have one, our summary of it. ### 16 Sep 2026 — SCCI reacts to State Bank maintaining 11.5% policy rate (2 outlets) > Most outlets led with the Sarhad Chamber of Commerce and Industry’s concern over the State Bank of Pakistan’s decision to keep the policy rate unchanged at 11.5 percent. They emphasized SCCI’s call for a reduction in the rate to support business and industrial growth. The Associated Press of Pakistan also noted the SCCI president’s specific remarks on the need for a gradual rate cut, while the Business Recorder described the business community’s “sharp reaction” to the decision. - Policy rate: 11.5% for 16 Sep 2026 — 2 of 2 outlets published this figure — both agreed Figures as reported by Pakistani outlets. HarZaviya is not a price source. - **Business Recorder** — [SCCI asks SBP to lower policy rate](https://www.brecorder.com/news/40439908/scci-asks-sbp-to-lower-policy-rate) · 17 Sep 2026, 2:56 AM PKT > PESHAWAR: The business community sharply reacted over the State Bank of Pakistan’s decision to keep the policy rate at 11.5 percent again, describing the interest rate “status quo” would be harmful for the industrial and business growth. The businessmen requested the Central Bank to bring it down to a single digit, with a target of five percent in next three months to boost economic and commerc... - **Associated Press of Pakistan** — [SCCI seeks lower interest rate to support business, industrial growth](https://www.app.com.pk/business/scci-seeks-lower-interest-rate-to-support-business-industrial-growth/) · 16 Sep 2026, 9:24 PM PKT · 83% identical wording to the newest filing > PESHAWAR, Sep 16 (APP):Sarhad Chamber of Commerce and Industry (SCCI) President Junaid Altaf on Wednesday called for gradual reduction in the policy rate to support business activity, investment and industrial growth, while appreciating the State Bank of Pakistan’s efforts to maintain macroeconomic stability. In a statement issued, the SCCI chief said a lower interest rate... ### 14 Sep 2026 — Business community reacts to SBP’s decision to keep policy rate at 11.5% (4 outlets) > Most outlets reported that the business community was divided or expressed criticism over the State Bank of Pakistan’s decision to maintain the policy rate at 11.5%. The Business Recorder led with strong disapproval, quoting frustration and disappointment, while Dawn and Profit noted a split in reactions, with some groups supporting the decision and others opposing it. The Express Tribune and Profit specifically highlighted calls from FPCCI and KATI for a single-digit policy rate, whereas support for the rate hold came from OICCI and RCCI, as mentioned in Profit. - Policy rate: 11.5% for 14 Sep 2026 — 2 of 4 outlets published this figure — both agreed Figures as reported by Pakistani outlets. HarZaviya is not a price source. - **Profit** — [Business community divided on SBP’s decision to hold policy rate at 11.5%](https://profit.pakistantoday.com.pk/2026/09/15/business-community-divided-on-sbps-decision-to-hold-policy-rate-at-115percent) · 15 Sep 2026, 10:50 AM PKT > FPCCI, KATI seek lower borrowing costs to revive industry and investment; OICCI, RCCI back rate hold amid inflation and global energy price pressures - **Dawn** — [Business community split over SBP move](https://www.dawn.com/news/2029995/business-community-split-over-sbp-move) · 15 Sep 2026, 7:48 AM PKT · 83% identical wording to the newest filing > LAHORE/ISLAMABAD: The business community on Monday gave a mixed response to the State Bank of Pakistan’s (SBP) decision to keep the policy rate unchanged at 11.5 per cent, with some backing the move while others called for further cuts to revive investment and industrial activity. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed disappointment over the decision... - **Business Recorder** — [Business community strongly reacts to SBP’s policy rate decision](https://www.brecorder.com/news/40439488/business-community-strongly-reacts-to-sbps-policy-rate-decision) · 15 Sep 2026, 4:41 AM PKT · 78% identical wording to the newest filing > KARACHI: Business and industrial community has expressed “sharp disappointment and frustration” over the State Bank of Pakistan’s decision to keep the key policy rate unchanged at 11.5 percent. They expressed disappointment over the status quo in monetary policy, saying high interest rates remain a major obstacle to economic growth. Atif Ikram Sheikh, President of the Federation of Pakistan Cha... - **The Express Tribune** — [Business leaders criticise rate decision](https://tribune.com.pk/story/2629305/business-leaders-criticise-rate-decision) · 14 Sep 2026, 10:06 PM PKT · 81% identical wording to the newest filing > FPCCI, KATI call for single-digit policy rate as trade deficit rises 18.1% ## Part of a bigger story Other stories whose coverage resembles this one, nearest first. "% related" compares whole stories, not single articles — see [what the percentages mean](https://harzaviya.com/methodology). - [SBP Maintains 11.5% Interest Rate Amid Business Community Discontent](https://harzaviya.com/stories/336-sbp-maintains-11-5-interest-rate-amid-business-community) · 28 Jul 2026 · 2 outlets · 91% related - [S&P expects cautious monetary policy amid economic improvements](https://harzaviya.com/stories/285-state-bank-of-pakistan-maintains-policy-rate-at-11-5) · 29 Jul 2026 · 14 outlets · 4 developments · 83% related - [SBP keeps policy rate unchanged at 11.5% amid inflation and Middle East risks](https://harzaviya.com/stories/8214-central-bank-faces-inflation-crossroads-as-oil-and-rupee) · 15 Sep 2026 · 16 outlets · 2 developments · 81% related - [SBP to announce monetary policy on September 14](https://harzaviya.com/stories/7274-state-bank-announces-monetary-policy-next-week-here-s-what) · 9 Sep 2026 · 3 outlets · 76% related 8 articles from 5 outlets, 14–17 Sep 2026. 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