Transparency International Pakistan has raised 26 objections over proposed amendments into SBP Act 1956, arguing that there is no accountability for the SBP in case it fails to ensure price stability. The federal cabinet’s recently-approved sweeping powers for the central bank given in haste to meet the condition of the IMF. In the latest bill along with regulating monetary and exchange procedures, SBP will be obliged to control inflation. However the amendment has been introduced without providing any inflation target.
18/3/2021