Governor State Bank Reza Baqir debunks propaganda regarding autonomy

chandaa

Prime Minister (20k+ posts)
SBP should be autonomous and free from Daku politicians influence. In past we saw how Nawaz Daku and Dollar Dar destroyed our economy by directing SBP to print more notes and spend 22 billions to artificially maintain the dollar. While makingbit autonomous there should be mechanism for accountability and secrutiny.
 

bl0u81

Senator (1k+ posts)
SBP should be autonomous and free from Daku politicians influence. In past we saw how Nawaz Daku and Dollar Dar destroyed our economy by directing SBP to print more notes and spend 22 billions to artificially maintain the dollar. While makingbit autonomous there should be mechanism for accountability and secrutiny.
If State Bank doesn't meet political objectives such as inflation or GDP growth then politicians do need to have a right to get rid of the governor. Afterall State/Central Bank person is considered as a PEP (Politically Exposed Person).
 

chandaa

Prime Minister (20k+ posts)
If State Bank doesn't meet political objectives such as inflation or GDP growth then politicians do need to have a right to get rid of the governor. Afterall State/Central Bank person is considered as a PEP (Politically Exposed Person).
99% of Pakistani politicians are criminals and crooks. They can even sell their mother for money and you are advising to keep these institutions under matric fail politicians ?
 

bl0u81

Senator (1k+ posts)
99% of Pakistani politicians are criminals and crooks. They can even sell their mother for money and you are advising to keep these institutions under matric fail politicians ?
And so is the general population. And you are saying to let crooks run central bank. That is far more dangerous than politicians.
 

bl0u81

Senator (1k+ posts)
The SBP's independence is not a bad thing if the governor of the bank is loyal to Pakistani interests and doesn't take orders from IMF. If this turns out to be an actual scenario then there is no harm in making SBP independent.
But chances are very low as governor has always worked for IMF and has a history of working for them.
 

MRT.abcd

Minister (2k+ posts)
InshaAllah Reza bakir will be removed soon. irespective of how good he is. He was sent by IMF to head state bank of Pakistan. IMF has no right to decide who will be state bank governor. No matter how good or bad he/she is
 

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