State Bank autonomy
The State Bank of Pakistan has injected Rs 1.14 trillion into the banking sector. This act has caught the attention of many economists who are wondering whether the move is solely for whetting the government’s ever increasing appetite for loans. They are forced to ask as to what kind of independent monetary policy this is.
In my opinion, the State Bank action flies straight in the face of the recent SBP (Amendment) Bill, 2015 passed by the National Assembly that calls for more autonomy for the State Bank.
Ironically, the said bill was tabled after the opposition members had staged a walk-out protest on the pretext that cabinet members were not taking the house business seriously. Is this a joke or what AYMEN AHMAD, Layyah