Islamabad June 17 2021: Governor State Bank of Pakistan, Dr. Reza Baqir, called on the Federal Minister For Finance and Revenue, Shaukat Tarin, at the Finance Division.
The Governor updated the Finance Minister on the progress of different policy initiatives that are designed for the uplift of the rural and urban youth. The Governor briefly touched upon the simplification of regulation the Central Bank has proposed to keep pace with the fast-changing financial landscape of the country.
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The Finance Minister assured the Governor of his full support in all those efforts that will promote the banking sector outreach in the country, mobilization of resources, growth, development and job creation.
Earlier, the Central Bank has kept the key policy rate at 7 percent for the last 12 months to spur growth in COVID effected economy despite negative real interest rates and rising commodity prices.