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Era of stabilisation in economy is over: Now focus on increasing employment, growth, says SBP chief

Top Story
April 5, 2021
KARACHI: Governor State Bank of Pakistan Dr Raza Baqir has said the era of stabilisation in the economy is over and now the focus is on increasing employment and growth. The country s economy is moving in the right direction. We do not see an increase in interest rates in the near future, he said, adding if we have to raise the interest rates, we will do it slowly, not quickly.
Talking to Shehzad Iqbal on the Geo News programme Naya Pakistan, Raza Baqir said if this government had not incurred a current account deficit of $19 billion, it would not have to take difficult decisions. ....

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Focus on increasing employment, growth: SBP chief

Top Story
April 5, 2021
KARACHI: Governor State Bank of Pakistan Dr Raza Baqir has said the era of stabilisation in the economy is over and now the focus is on increasing employment and growth. The country s economy is moving in the right direction. We do not see an increase in interest rates in the near future, he said, adding if we have to raise the interest rates, we will do it slowly, not quickly.
Talking to Shehzad Iqbal on the Geo News programme Naya Pakistan, Raza Baqir said if this government had not incurred a current account deficit of $19 billion, it would not have to take difficult decisions. In response to a question, he said COVID-19 has caused a huge damage to the economy, adding attempts are being made to recover from the loss but we have not been able to do so yet. He said this is not the first time that the interest rate has gone up to more than 13 per cent; even before this government, the interest rate had gone up to more than 13 per cent. We rai ....

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Govt senators being approached to change loyalties: PM - Newspaper

• PTI has yet to announce candidate for Senate deputy chairman slot
• Imran apprised of digital media advertising policy
ISLAMABAD: Prime Minister Imran Khan on Monday said government senators are being approached to gain their support for the opposition’s candidate in the upcoming election for Senate chairman.
On the other hand, ruling Pakistan Tehreek-i-Insaf (PTI) has so far not announced its candidate for the office of deputy chairman, keeping the slot open and placing itself in a better bargaining position to ensure support of its allies and independent candidates.
Presiding over a meeting of his spokespersons, the prime minister vowed to win the chairman’s post despite opposition’s majority in the upper house. ....

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Biggest challenge fixing cash bleeding energy sector: Asad

National
January 29, 2021
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar has said that the biggest challenge for the government was fixing the cash bleeding energy sector and the government had finalised a roadmap for bringing reforms.
“The whole electricity sector from generation to transmission and distribution has been strangulated by the Government of Pakistan and the main reforms are doing away from clutches of GoP and to introduce market driven private sector-owned reforms,” Federal Minister Asad Umar said while addressing the 13th All Pakistan Chambers President Conference (APCPC), organized by the Rawalpindi Chambers of Commerce and Industries (RCCI) in collaboration with the Jang Media Group here on Thursday. ....

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Biggest challenge fixing cash bleeding energy sector: Asad Umar

National
January 29, 2021
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar has said that the biggest challenge for the government was fixing the cash bleeding energy sector and the government had finalised a roadmap for bringing reforms.
“The whole electricity sector from generation to transmission and distribution has been strangulated by the Government of Pakistan and the main reforms are doing away from clutches of GoP and to introduce market driven private sector-owned reforms,” Federal Minister Asad Umar said while addressing the 13th All Pakistan Chambers President Conference (APCPC), organized by the Rawalpindi Chambers of Commerce and Industries (RCCI) in collaboration with the Jang Media Group here on Thursday. ....

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