IMF Urges Islamabad to Strengthen State Bank of Pakistan Independence

IMF urges Islamabad to strengthen State Bank of Pakistan independence

The International Monetary Fund has called on Pakistan to remove the finance secretary from the State Bank of Pakistan’s board and fill two long-vacant deputy governor positions.

IMF seeks removal of finance secretary from SBP board

The International Monetary Fund (IMF) has asked Pakistan to remove the Secretary Finance from the Board of Directors of the State Bank of Pakistan (SBP). The demand is part of the IMF’s latest recommendations. The global lender wants the central bank to work with complete independence. IMF has also suggested changes in the Banking Companies Ordinance, 1962. Under the current law, the federal government can direct the State Bank to inspect any co…

IMF pushes Pakistan to grant independence to central bank - THE DESTINATION

US-IMF-(Special Correspondent / Web Desk)-The International Monetary Fund (IMF) has issued fresh recommendations for Pakistan, calling for greater independence of the State Bank of Pakistan (SBP) under its Governance and Corruption Diagnosis Assessment Report. According to sources, the IMF has suggested more amendments to the State Bank Act to limit political influence on monetary policy. […] The post IMF pushes Pakistan to grant independence to…

IMF Pushes for Greater Autonomy of SBP

The International Monetary Fund (IMF) has raised fresh demands for Pakistan, emphasizing the need for enhanced independence of the State Bank of Pakistan (SBP). The proposals are part of the IMF’s Governance and Corruption Diagnosis Assessment Report, which highlights key governance reforms required to strengthen Pakistan’s financial system. According to sources, the IMF has recommended amendments to the State Bank Act to further reduce governme…