SBP’s precarious autonomy to bring new challanges Business March 14, 2021 KARACHI: Pakistan is poised to give its central bank independence from the government influence to implement the structural reforms agreed with the IMF under its $6 billion rescue package that will send good signals to international markets, experts say. They added it would also help create an opportunity for deepening the local capital debt markets, alleviating the need to rely on the central bank to finance the budget deficit. The cabinet on Tuesday approved amendments to the law allowing the State Bank of Pakistan to operate without the control of the government. The SBP’s Amendment Act 2021 is expected to be approved by the parliament soon as the approval of this law is meant to meet the conditionality for the completion of the sixth review of the Fund’s Extended Fund Facility.