Streaming Media
Media Type
Keynote Address
Publication Date
6-10-2002
Description
To address the above question we have to begin by spelling out the mandate of the State Bank Pakistan. Like all other central banks the SBP is charged with ensuring financial stability, monetary stability, external sector stability and payments and settlement system of the country. The SBP was granted legal autonomy in 1997 and is supervised by a Board of Directors. Currently, the Board consists of seven individuals from the private sector drawn from academia, agriculture, small and medium business, large industrial groups, one retired civil servant and a representative of the Ministry of Finance. While legal autonomy is necessary for independence of the central banks it is earning the respect of the nation by exercising responsibility with accountability which makes the real difference.
Recommended Citation
Husain, I. (2002). Is State Bank of Pakistan Doing Its Job?. Retrieved from https://ir.iba.edu.pk/faculty-research-talks-speeches/116
Notes
Inaugural address at the Pre-Budget Seminar organized by The Nation at Lahore on June 10, 2002