PKR stability is a result of govt’s efforts, SBP measures: Governor SBP

November 07, 2022 (MLN): The continuing administrative efforts by the government and the policy measures of SBP have resulted in achieving stability to Pak rupee value and restrained exchange rate volatility, Governor State Bank of Pakistan (SBP) of Pakistan Mr. Jameel Ahmad said during a meeting with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division, said a press release issued today.

The Governor SBP apprised the finance minister of different macroeconomic policy initiatives in line with the objectives of fiscal policy taken to achieve sustainable growth. He said that SBP is fully committed to supporting the process of economic revival as per the policies of the present government and its mandate statutory.

Finance Minister Mr. Ishaq Dar and Governor SBP discussed fiscal and monetary measures being undertaken for economic stability, revival, and growth of the country. The coordination of fiscal and monetary policy was also discussed in the meeting.

Finance Minister Senator Ishaq Dar appreciated the role of the SBP in the economic growth of the country.

He acknowledged the regulatory role of the SBP in bringing back the exchange rate stability and showed satisfaction with the current monetary policies being undertaken by the SBP. He further stated that if the monetary policy is always in consonance with the fiscal policy, sustainable growth and stability in the economy can be achieved.

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