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July 2, 2021 ISLAMABAD: State Bank of Pakistan Governor Dr Reza Baqir said that Pakistan was achieving positive signs of economic recovery, and hoped that the country would not go back into the International Monetary Fund (IMF) programme for any bailout package. “Pakistan economy has turned around, and we are in growth mode,” this was stated by SBP Governor Dr Reza Baqir, in an exclusive talk at the Islamabad Policy Research Institute (IPRI) on Thursday. He also said that the decision to convert the exchange rate from fixed to market-based mechanism had resulted in dividends for the econ...

Despite Downward Pressures, Employment Increased Post-Lockdown: SBP Employment is one of the vital indicators of an economy’s performance. Therefore, it is significant to understand the dynamics of the labor market where various changes in employment due to structural shifts or different shocks can be captured. According to the State Bank of Pakistan’s (SBP) report, “The State of Pakistan’s Economy,” there are 1.3 million new entrants in the domestic labor force every year in Pakistan. Coupled with the labor market having to deal with several shocks, including the recent COVID-relat...