Business community here in Islamabad on Thursday warmly greeted Syed Salim Raza on his appointment as Governor, State Bank of Pakistan (SBP). President Islamabad Chamber of Commerce and Industry (ICCI), Mian Shaukat Masud, in a statement said that Salim Raza's appointment was a true reflection of government's trust on his leadership qualities. He expressed the hope that as SBP Governor, Salim Raza would take revolutionary initiatives to facilitate the optimum growth of trade and industry in the country by making business friendly policies. He said that as always, the business community, was fully determined to play its in steering the country out of present economic slump by promoting business activities. "However, the high cost of doing business and particularly high interest rate is proving as the biggest hurdle in the smooth development of business activities," he remarked. He said that due to global recession, almost all developed and emerging countries were slashing interest rates to revive their sagging economies and were offering many stimulation packages.