Governor of State Bank of Pakistan Dr Shamshad Akhter gave a detailed press conference yesterday in which she announced provisional economic policies by the central bank. She said that the country was passing through extraordinary times and it was necessary to adop economic discipline. She has assured that the central bank would provide liquidity to small banks. She also announced an increase of 2% in the interest rates which I think will bad affect industry.
I believe that the press conference points towards the fact that IMF policies are being implemented. There is no other option available to the government because nearly all donors have refused to supply direct assistance.
Governor of State Bank of Pakistan Dr Shamshad Akhter gave a detailed press conference yesterday in which she announced provisional economic policies by the central bank. She said that the country was passing through extraordinary times and it was necessary to adop economic discipline. She has assured that the central bank would provide liquidity to small banks. She also announced an increase of 2% in the interest rates which I think will bad affect industry.
I believe that the press conference points towards the fact that IMF policies are being implemented. There is no other option available to the government because nearly all donors have refused to supply direct assistance.
Related
