The SBP autonomy
Wathra the acting governor of the State Bank of Pakistan (SBP) was confirmed the day before Ishaq Dar left the country on a two-country tour - the UK with the…
Legal vs operational autonomy of SBP
Major amendments were made by the parliament in 1994 and 1997 in the State Bank of Pakistan (SBP) Act on the initiative of the SBP itself that gave it, inter…
Sensible thinking at SBP
Why has the central bank not slashed the interest rate given the average inflation is down to below 8.65 percent and is probably going to remain low? Well, the message…
Why they fear an autonomous SBP
In an earlier article (‘The poor state of the State Bank’, February 1, 2014), I had criticised the PPP government for appointing commercial bankers as governors and deputy governors of…
SBP needs to adopt a new policy mix
The MPS is being announced later today and it should make for an interesting read. In the prevailing policy paralysis due to election considerations, the absence of a Finance Minister,…
What ails the SBP?
The amendments made to Section 9 of the State Bank of Pakistan (SBP) Act in 1994, 1997 and 2012 have redefined the role and responsibilities of the Central Board of…
SBP
The State Bank of Pakistan (SBP) is one of the premier national economic institutions legislated to play a key role in macroeconomic management, control on inflation, conduct of monetary policy…
SBP’s new proposal to regulate non-bank financial companies
The securities and exchange commission of Pakistan (SECP) has strongly opposed State Bank of Pakistan’s proposal to regulate the 23 non-bank financial companies (NBFCs), (12 leasing and three housing financing…
How does SBP governor feel about the economy?
The State Bank Governor, in an interview to Reuters, stated that the Pakistan economy was out of the woods. In his words the country will not need any additional financial…
Monetary policy and SBP
Monetary policy is an important component of a macroeconomic policy framework in any country. Similarly, central banks, whatever their level of statutory autonomy, play a key role in the formulation…
