LAHORE: State Bank of Pakistan (SBP) Governor Reza Baqir today (September 7) said that stabilizing the economy of the country is their top priority and private sectors must act in accordance with the rules and regulations for it.
While visiting the FPCCI Regional Office in Lahore, he expressed that it was SBP’s priority to keep up with other banks, without which development could not be made. “There were no dollars available to cover the bank loan installments”, he added.
Reza Baqir expressed that a lot of loss is suffered when the money in exchequer ends. “It is our priority to bring sustainable growth in the bank business and the situation is better now than it was six months ago”, he added.
He said that the reforms have been brought and the agreement is signed with the IMF. “State Bank doesn’t have the solution of all the problems whereas SME is also a priority,” he added.
