The govt. has proposed through the State Bank of Pakistan amendment bill 2021 strengthening of accountability through parliament as it binds the governor SBP to submit the annual report before the parliament regarding the achievement of the bank’s objectives of maintaining price stability. The Bill explicitly declares that the primary objective of the Bank shall be to achieve and maintain domestic price stability. The inflation control objective is to be pursued for its own sake and supporting general economic policies of the federal govt. with a view to fostering development and fuller utilization of the country’s productive resources has been relegated as a tertiary objective.
26/3/2021