Decision on TSA will be taken after due consultation and assessing impact on the banking industry: SBP

MG News | April 17, 2019 at 09:54 PM GMT+05:00

0:00

April 17, 2019 (MLN): The State Bank of Pakistan has issued a clarification regarding news circulating on social media regarding the Government’s plan to introduce Treasury Single Account (TSA).

In a statement issued by the SBP, it clarified “While the proposal to introduce TSA is being examined by the Government of Pakistan in consultation with SBP as part of its agenda to reform public financial management, however, no decision has yet been made to implement the TSA”.

The central bank further said that any decision in this regard will be taken after due consultation with all the stakeholders and assessing its impact on the banking industry, adding “It will, therefore, be premature to form any opinion about the proposed policy decision and thus the market players should avoid engaging in any speculative activities based on this proposal which is still under examination.”

It should be mentioned that the Banking Sector took a major hit in the stock market after news of TSA being introduced started circulating.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	150,016.16 145.54M	0.56% 837.50
ALLSHR	90,164.34 252.99M	0.46% 410.34
KSE30	45,486.46 99.07M	-0.00% -1.03
KMI30	214,854.66 60.89M	0.67% 1433.99
KMIALLSHR	58,253.19 111.97M	0.44% 254.55
BKTi	41,815.03 51.07M	-1.21% -510.60
OGTi	30,860.86 6.60M	0.86% 262.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,640.00	76,190.00 73,305.00	520.00 0.70%
BRENT CRUDE	103.75	104.98 100.86	3.54 3.53%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.95 -10.73%
ROTTERDAM COAL MONTHLY	121.85	122.00 121.75	0.70 0.58%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	96.14	98.42 93.83	2.64 2.82%
SUGAR #11 WORLD	14.47	14.51 14.19	0.28 1.97%