Concerned with a declining private investment spending and unable to rein in record government spending, the State Bank of Pakistan (SBP) has radically shifted its monetary policy focus, slashing policy rates by 150bps in August 2012. Inflation targeting
Sayem Ali, "SBP likely to slash rate by 50bps," Business recorder. 2012-05-11.Keywords: Economics , Economic policy , Economic system , Monetary policy , Fiscal deficit , Oil prices , Energy crisis , Supreme court , Investment , President Zardari , IMF , SBP , Pakistan