Governor of the State Bank of Pakistan, Jamil Ahmad has said that the hard time has gone and after the agreement with International Monetary Fund, things will be streamlined. Now the main challenges of inflation and external repayments would be easier to handle. It is expected that the inflation would come down rapidly within two years.
While talking to the media on the 75th ceremony of State Bank of Pakistan while a 75 rupee note was issued. He said that the main focus of the government is to control the price hike in the country. He said confidently that the nation will see the results of their efforts soon. The governor said that there was no cartelization of dollar in the country.
He told that the restrictions on imports have been withdrawn. The illegal transaction of dollar was due to the big difference between government rate of US Dollar and open markets rates. Now this parity is negligible therefore, it is expected that incoming transaction of US dollar through legal ways will increase.
He informed that through the flagship Roshan Digital Account scheme, the investment of $6.3 billion dollar have been received. He said that the banks which were found in illegal activities would be brought to book.
The governor of the central bank of the country said that this was an important day, it is pride for us as the father of nation, Quad-e Azam Muhammad Ali Jinnah had founded the bank and his teachings have been guiding principal of us.
He informed that keeping in view its?responsibilities, SBP has prepared a five year strategic plan which has been given the name of Vision 2028. In this