State Bank’s role

Published in DAWN on January 31, 2022 THE passage of the SBP Amendment Bill that gives absolute powers to the central bank will remove the last hitch in the way of the revival of the suspended IMF programme. But it would also drastically change the bank’s job description and its relations with the country’s fiscal authorities. The […]

29

Jan

Our monetary policy goals

By Riaz Riazuddin Published in DAWN on January 29, 2022 WHAT should be the goals of our monetary policy? Should it be to maintain price stability or promote growth, or both? It must be both, as universally accepted worldwide, because money and credit influence both inflation and growth. Excessive money results in inflation when growth is close[…]

26

Jan

Govt in violation of debt reduction law, cabinet told

By Shahbaz Rana Published in The Express Tribune on January 26, 2022 ISLAMABAD: A new debt policy statement for the last fiscal year on Tuesday revealed that the federal government’s burden was Rs11.8 trillion higher than legally allowed limit set by parliament and that some targets fixed under the debt management strategy were also breached. The federal[…]