IMF urges for complete autonomy to State Bank
WASHINGTON: International Monetary Fund (IMF) has demanded the government to table the law granting full autonomy to the State Bank of Pakistan in the parliament, ARY News reports.
The IMF in its second review report of Pakistan's economy appreciated the government's efforts and reforms for economic stability in the country. The country still faces several economic challenges, the report said.
IMF advises complete focus of the central bank's monetary policy on containing inflation. It urges the government to take all possible steps to borrow minimize borrowing from the central bank.
Deputy Director IMF David Lypton says that the government of Pakistan needs to introduce more reforms to secure economic stability in the country.
The IMF official criticized the government tax concessions to certain quarters and urged for expansion of the tax net.