Lahore: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has stated that the reforms introduced by the incumbent government will help in reviving the national economy within a short duration, a news source reported.
He expressed these views during a session in the United Arab
Emirates – attended by representatives of the world’s leading financial
institutions. The event focused on understanding the economic outlook for
Pakistan and the financial sector as a whole.
Dr Baqir said that the adoption of a market-based exchange rate and a monetary policy for reducing inflation were keys to stabilising the economy. He added that these measures would also ensure economic progress in the future. He revealed that the recent growth in the portfolio investments verified the success of these measures, and that the growth reflected the returning confidence of investors in Pakistan.
Also speaking on the occasion, Group Head of Treasury and Capital Markets at Bank Alfalah Mr Ali Sultan thanked the governor for providing a fresh perspective on the economic policies and reforms introduced by the government.
He added that they were pleased by the vision established by
the SBP. He said that his bank looked forward to collaborating with all
economic stakeholders for developing their operational territory.
