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SBP autonomy

THE opposition says it will give IMF sway over the State Bank of Pakistan. The government calls it a key bill to enhance SBP efficacy. Who’s right? Globally, the majority view is…

Critical appraisal of SBP report

The State Bank of Pakistan’s (SBP) report for the first half of the current financial year reiterated its unconditional support for the International Monetary Fund (IMF) programme conditions – a…

SBP’s optimism

The recent Monetary Policy Statement by the SBP has begun to remove apprehensions about the state of the economy and in the short-run prospects. In a one-page lucid statement, the…

SBP profits rise and need for caution!

Pakistan’s budgetary financing operations (federal and provincial) July-June 2019-20 were released on Wednesday – the day after the briefing on the data to the cabinet on 11 August 2020. Prime…

SBP throws two lifelines to industry

When Covid-19 pandemic struck Pakistan every one scrambled to simply save their skins. All thoughts of the economy, industry, jobs and exports went out of the window. That was but…

SBP’s economic outlook

The latest Monetary Policy Statement of the SBP was released a few days ago. The Statement is positive in nature. Apparently, ‘business confidence and the outlook for growth have improved’.…

In defence of SBP bill

There is quite a stir in the media and policy circles on the proposed amendments in the SBP law. Journalists and economists jumped on the bandwagon and speculated on widely…

SBP bill causes major controversy

The federal cabinet early this week approved the State Bank of Pakistan (SBP) ‘Amendment Bill 2021’. Reportedly, the bill advocates fundamental changes in the SBP founding laws of 1956. According to finance…

Monetary policy and SBP’s independence

Monetary Policy is a subset of public policies and the ultimate objective of every public policy is to improve the welfare of citizens. Social and economic welfare is believed to…

SBP’s economic outlook

Going forward, in FY22, the economic momentum that became evident during FY21 is expected to strengthen further. The ongoing rollout of vaccines, coupled with the continuation of economic activities during…