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Autonomous SBP


Autonomous SBP
March 11, 2021
The State Bank of Pakistan’s amended Bill-2021 including the proposal for a new board of directors deserves some comments. It seeks to get the mandate to keep administrative and management powers which will also include the authority to formulate exchange rate policy. This proposed amendment has tried to define the objectives of the SBP itself by elaborating that the primary objective of the central bank is to achieve and maintain domestic price stability. There can hardly be any disagreement about the SBP’s potential contribution to the stability of the financial system of the country, but it is the government’s general economic policies that should be aligned to foster development and utilization of productive resources. The amendment also proposes abolishing the Monetary and Fiscal Coordination Board MFCB). This board currently plays its role under the chairmanship of the minister for finance with the representation of various mini ....

State Bank , Fiscal Coordination Board , நிலை வங்கி , நிதி ஒருங்கிணைப்பு பலகை ,

Cabinet approves SBP Amend 2021 related 3 bills: Hafeez


Top Story
March 10, 2021
ISLAMABAD: Federal Minister for Finance Dr Abdul Hafeez Shaikh Tuesday said the federal cabinet approved three important bills related to the SBP Amendment bill 2021.
These bills were aimed at granting autonomy to the central bank, abolishing corporate income tax bill for fetching tax revenues up to Rs140 billion and fixing cash bleeding state-owned enterprises (SOEs) bill under the IMF programme.
He was addressing a joint news conference along with Minister for Industries Hammad Azhar, Minister of State for Institutional Reforms Dr Ishrat Hussain, Secretary Finance Kamran Afzal, and FBR Chairman Javed Ghani at the PID here on Tuesday. Reporters raised critical questions about controversial SBP Amendments Bill 2021 related to lack of accountability of the SBP governor, targeting inflation, doing away with the Fiscal and Monetary Coordination Board and lack of definition of price stability in the proposed amendment bills under the dictates ....

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Cabinet approves SBP Amend 2021 related three bills: Hafeez


Top Story
March 10, 2021
ISLAMABAD: Federal Minister for Finance Dr Abdul Hafeez Shaikh Tuesday said the federal cabinet had approved three important bills related to the SBP Amendment Bill 2021.
These bills were aimed at granting autonomy to the central bank, abolishing corporate income tax bill for fetching tax revenues up to Rs140 billion and fixing cash bleeding state-owned enterprises (SOEs) bill under the IMF programme.
He was addressing a joint news conference along with Minister for Industries Hammad Azhar, Minister of State for Institutional Reforms Dr Ishrat Hussain, Secretary Finance Kamran Afzal, and FBR Chairman Javed Ghani at the PID here on Tuesday. Reporters raised critical questions about the controversial SBP Amendments Bill 2021 related to lack of accountability of the SBP governor, targeting inflation, doing away with the Fiscal and Monetary Coordination Board and lack of definition of price stability in the proposed amendment bills under the d ....

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