The State Bank of Pakistan (SBP) governor has met Finance Minister, Senator Ishaq Dar, in which they discussed the fiscal and monetary measures being undertaken for economic stability, revival, and growth of the country.
According to a news release from the Finance Division, the discussion also covered the coordination of monetary and fiscal policy.
According to SBP Governor Jameel Ahmad, continuing administrative efforts by the government and SBP policy measures have stabilized the value of the Pakistani rupee and reduced exchange rate volatility.
Ishaq Dar was informed by Ahmad of several macroeconomic policy initiatives that were taken in accordance with the objectives of the fiscal policy adopted to ensure sustainable growth. He stated that SBP is wholly dedicated to assisting in the process of economic revival in accordance with the current administration’s plans and its statutory mandate.
Senator Dar appreciated the central bank’s contribution to the nation’s economic development. He expressed satisfaction with the SBP’s current monetary policies and acknowledged the regulatory role the SBP performed in maintaining exchange rate stability.
He stated that if the monetary policy is always in consonance with the fiscal policy, sustainable growth and stability in the economy can be achieved. The SBP governor thanked the finance minister for his acknowledgment and continuous support.