KARACHI – Governor State Bank of Pakistan (SBP) Dr. Reza Baqir on Thursdaysaid that the transition to a market-based exchange rate system, buildingforeign exchange reserves, and bringing down inflation were key elements ofthe SBP’s reform program to restore financial stability and lay thefoundations for sustainable and shared growth.
The initial results from the reform program were encouraging, he saidtalking to a delegation of the International Monetary Fund (IMF) led by itsDirector Middle East and Central Asia Department, Jihad Azour, according toa statement issued here.
He noted that Pakistan has embarked on its home-grown economic reformprogram and said that he looked forward to a continuing fruitfulpartnership with the IMF and other stakeholders in the internationalfinancial community to support this reform program.
