ISLAMABAD – State Bank of Pakistan Governor hints at good news on theeconomic front in the coming days.
State Bank of Pakistan Governor Dr Reza Baqir has emphasized real economicactivity is expected to revive soon on the back of recent economic reformsinitiated by the SBP and the government.
These comments were made at an interactive session hosted in the UAE byBank Alfalah with attendees representing leading financial institutionsbased in the region.
The interactive session focused on understanding the economic outlook forPakistan and the financial sector as a whole.
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Baqir said adopting a market-based exchange rate and monetary policy aimedat bringing down inflation were the key steps towards stabilisation in theeconomy and ensuring economic progress in its next stage.
This was corroborated by the recent growth in portfolio investments whichreflected the investors’ confidence.
