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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…

Time to strengthen SBP’s MPC

The economic team, including SBP, is taking too much time to make moves, and in the process taking some unwarranted decisions. The disposition was not much different for previous regimes;…

Proposed SBP law under the spotlight

To some commentators, the proposed reinforcement of State Bank of Pakistan (SBP) powers appears to be appropriate; to others, it gives the SBP unbridled power over the economy, outside the…

SBP projections for 2020-21

The SBP report on the State of the Economy in the first quarter of 2020-21 has been released recently. The report contains a very comprehensive and in-depth analysis of trends…

Q1FY21: SBP Report

The State Bank of Pakistan (SBP) has released its first quarterly 2020-21 report (July-September). Much has been written on SBP’s growth projection being higher than the World Bank projection by…

Current SBP stance will help fuel growth

The State Bank of Pakistan (SBP) though its Monetary Policy Statement (MPS) has provided a clearer view to the directionless interbank market, money market, traders, banks and corporations. At this…

Reforming SBP?

THE advent of large navies in warfare forced British monarchs to levy heavy taxes. Such arbitrary taxation led to persistent economic uncertainty that stalled economic growth. All this changed after…

The SBP’s autonomy

If you are enraged by the proposed autonomy of the State Bank of Pakistan (SBP), let me add more fuel to the fire. The SBP needs even more autonomy than…