All posts tagged: sbp

At the Behest of the IMF, Pakistan’s Rulers Slow the Economy Down, Choking Business and Trade, To Conserve Dollars, Just to Pay Off Foreign Interest Based Debt!

Published by Media Office of Hizb ut Tahrir in Wilayah Pakistan

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has raised interest rates by 1.5 % to 15 %. According to the SBP’s own press conference, the increase is to slow the economy down, whilst claiming that such demand contraction is a must, otherwise high growth is unstable, worsening inflation. Even after […]

Khan’s State Bank of Pakistan Autonomy Bill will Enable the IMF and International Creditors to Commit Daylight Robbery

Published by Abdul Majeed Bhatti

Khan’s new bill seeks to make the State Bank of Pakistan (SBP) autonomous and has drawn widespread condemnation. The former finance minister, Miftah Ismail described the bill as converting the SBP into the “bank of IMF”. [aninews] Ismail also declared that the new measures would make the SBP more powerful than the parliament as “there […]