Govt mis­guided IMF on SBP au­ton­omy

The Pak Banker - - NATIONAL -

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.

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