Govt to give SBP more autonomy
(WorldNews Pakistan)

ISLAMABAD: The International Monetary Fund (IMF) has classified Pakistan’s existing exchange rate as ‘stabilized arrangement’ and asked Islamabad to move towards adopting a market-based flexible exchange rate with a strong, transparent and accountable central bank as exists in other emerging markets of the world. In a bid to comply with the IMF demands, the PTI government is considering giving the State Bank of Pakistan (SBP) greater operation and institutional independence. “In this context, the State Bank Act would be amended to give the central bank more autonomy and clarify its objectives and functions. Specifically, the government, in consultation with the SBP...