Govt misguided IMF on SBP autonomy
KARACHI: The Pakistan Economy Watch (PEW) on Monday said government misguided IMF on the issue of autonomy of State Bank of Pakistan which is evident from the recent monetary policy statement. The central bank’s statement is based on concoction which has put its repute to question, it said. The SBP should not act as mouthpiece of the government to misguide masses about so called economic success, said Dr. Murtaza Mughal, President PEW. In a statement issued here today, he said that newly constituted independent monetary policy committee of the central bank has failed to present factual picture of the economy and opted to misled masses. The report praised increased income of the government and revenue measures ignoring that Pakistan tops list of countries with most petroleum taxes, he added.