ISLAMABAD, Pakistan: The Governor State Bank of Pakistan (SBP) Jameel Ahmad called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at the Finance Division in Islamabad on Saturday.
Ishaq Dar shared about fiscal measures being undertaken for economic revival of the Country. He stressed that fiscal and monetary policy coordination is imperative for sustainable and effective economic growth.
The meeting discussed the measures being undertaken for the stabilization and growth of the Country’s economy.
وفاقی وزیر خزانہ اسحاق ڈار سے گورنر اسٹیٹ بینک جمیل احمد کی اسلام آباد میں ملاقات ۔۔۔ملکی معیشت کے استحکام اور ترقی کے لیے اٹھائے جانے والے اقدامات پر تبادلہ خیال۔۔۔پائیدار اقتصادی ترقی کے لیے مالی اور مالیاتی پالیسی میں ہم آہنگی پر زور@MIshaqDar50 pic.twitter.com/zSG3lFXvz9
— PTV News (@PTVNewsOfficial) October 1, 2022
The Governor SBP Jameel Ahmad extended felicitations to the finance minister on assuming the office and stated that with his arrival, the market sentiments have considerably improved as reflected in the appreciation of the rupee.
Jameel Ahmad was of the view that continuing efforts by the government and the Bank will further put a squeeze on those who were manipulating the foreign exchange market.
The Governor SBP apprised the finance minister on different macroeconomic policy initiatives in line with the objectives of fiscal policy taken to achieve sustainable growth.
The Governor SBP said that the State Bank of Pakistan is fully committed to support the process of economic revival as per the policies of the present government and assured the finance minister of his full support.
The Finance Minister Ishaq Dar commended the initiatives of the SBP on introducing digital banking in line with international best practices and Pakistan’s first Instant Payment System- Raast.
Ishaq Dar also appreciated the role of the State Bank of Pakistan for the monetary stability and economic growth of the Country.