Amendments in SBP Act

-
Like many other central banks, the State Bank of Pakistan also has the dual responsibility of price stability and growth promotion. However, problems show up when these functions contract each other, leading Governor into a political situation. Like Ishrat Hussain, the former Governor, promoted growth for political reasons that resulted in an inflationary crisis. The succeeding Governor then had to take countermeasures to handle that mess. Currently, as part of the ongoing program, the IMF is pressurizing the State Bank to limit its role to price stability only. But the State Bank can't decide on its own. The amendments in the SBP Act must be done through consensus with political leadership. Till then, the State Bank must balance between the two functions.

Summarized from 404 words to 122

Detailed Post can be found at SBP Act

Comments

Post a Comment

Popular posts from this blog

81 Spelling Mistakes People Often Do

-
English is not my first language and while learning I noticed there are some spelling mistakes that I do quite often. Those same errors I found in my friends' writings as well. Here I am writing the wrong ones and what you should be writing instead: Freind instead of Friend Recieve instead of Receive  Acheive instead of Achieve Accomodation istead of Accommodation Adress instead of Address Athiest instead of Atheist Beggining instead of Beginning Beleive instead of Believe Abberration instead of Aberration Cemetary instead of Cemetery Committment instead of Commitment Concensus instead of Consensus Concieve instead of Conceive Copywrite instead of Copyright Definately instead of Definitely  Dependance instead of Dependence Desireable instead of Desirable Dissapoint instead of Disappoint Embarass instead of Embarrass Enviroment instead of Environment Febuary instead of February Forteen instead of Fourteen Goverment instead of Government Grammer instead of
Read more

21 Writing Tips for New Writers

-
There is FIRST day of everything. No matter you are learning to drive, starting a blog or planning to write a book. You have to begin somewhere. Why not learn from those who had started earlier? It will give you a headstart and prevent you from committing mistakes.  1) Practice as Often as you Can ( Ian Martinez Cassmeyer ) To be good at something, you have to start doing it. Because by doing you know your weaknesses and then you can work on them. Take any famous sportsman or singer as an example, they could not reach where they are without practice. So do practice as much as possible.  2) Just Start ( Cady Hammer ) The first step is always difficult. You doubt yourself. Feel unsure if you can complete what you started or not. Don't think too much. Just sit and start writing. You will start feeling good as you continue to write.  3) Don't Compare Yourself to Others ( Shirley McCann ) We all are unique. If you don't agree then look at your fingerprints. Yo
Read more