Tag: Dr Reza Baqir
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SBP determined to curb inflation, improve foreign exchange reserves
In a recent interview, the Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir expressed concern over the continuous deterioration in foreign exchange reserves but remained optimistic that a renewal of loans will be witnessed in the near future, which, coupled with SBP’s initiatives, will enhance market confidence. He claimed that the decline in…
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The great debate on State Bank autonomy
“We must understand that we do need to make SBP autonomous, or else it would continue to get exploited by the government to gain political advantages through expansionary fiscal policies.” If you have wondered in recent days what’s the real deal with the proposed changes in the State Bank of Pakistan law but have failed…
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SBP governor says bank will implement policies benefitting economy
State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Sunday said that SBP would implement those policies benefiting economy of Pakistan. Monitory policy adopted by SBP is supporting the economy of Pakistan, he said in an interview with a private television channel. Commenting on approaching International Monitoring Fund (IMF), he said: “We had to…
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State Bank clears air surrounding forthcoming legislation; no, it won’t bankrupt Pakistan
Deputy governor of the State Bank of Pakistan (SBP) Dr Murtaza Syed has clarified that repayment of loans isn’t a priority on the list of objectives the central bank plans to achieve if it is granted autonomy under forthcoming legislation. He was responding to The Current’s query during a meeting of SBP bigwigs, including Governor…