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SBP's precarious autonomy to bring new challanges


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. ....

Muhammad Yaqub , Ashfaque Hasan Khan , Salman Shah , Fund Extended Facility , State Bank , Extended Fund , முஹம்மது யாக்ப் , அஷுபாயூ ஹசன் காந் , சல்மான் ஷா , நிதி நீட்டிக்கப்பட்டது வசதி , நிலை வங்கி , நீட்டிக்கப்பட்டது நிதி , கொண்டு வாருங்கள் ,