State Bank of Pakistan (SBP) Governor Jameel Ahmed said on Saturday that the market sentiments reflected by the appreciation of the rupee have improved considerably.
He expressed these views during a meeting with Federal Finance Minister and Revenue Senator Muhammad Ishaq Dar in the Finance Division.
Central Bank in its press release said that in the meeting, measures to be taken for the stability and development of the country’s economy were discussed.
Governor State Bank Jameel Ahmed congratulated the Finance Minister on his assumption of office and said that the arrival of the Finance Minister has significantly improved the market sentiments due to appreciation of rupee.
He believed that the continued efforts of the government and the bank would put more pressure on those who were manipulating the foreign exchange market.
The State Bank Governor apprised the Minister of various macroeconomic policy measures in line with the fiscal policy objectives to achieve sustainable development.
He further said that the State Bank is fully committed to support the economic recovery process as per the policies of the present government and assured the Finance Minister of its full cooperation.
On the occasion, Ishaq Dar appreciated the State Bank’s initiatives for introducing digital banking in line with international best practices and Pakistan’s first instant payment system.
He also appreciated the role of State Bank of Pakistan for financial stability and economic development of the country.
