Prudent monetary policy key to stability
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KARACHI:
State Bank of Pakistan (SBP) Governor Jameel Ahmad credited the central bank's prudent monetary policy for restoring macroeconomic stability, according to a press statement released on Thursday.
Addressing a meeting with the Multan Chamber of Commerce and Industry (MCCI), the SBP governor highlighted recent policy initiatives aimed at improving the ease of doing business. These include export and import facilitation, streamlined dividend repatriation, and enhanced support for freelancers and IT exporters. He also emphasised efforts to strengthen Pakistan's digital financial ecosystem, as per the statement.
The SBP governor noted a significant rise in Small and Medium sized Enterprise (SME) financing, which increased from Rs543 billion in December 2023 to Rs638 billion in December 2024. Similarly, agriculture credit disbursement saw a 14.5% year-on-year increase, reaching Rs1,266 billion in the first half of FY25. Ahmad also acknowledged the vital role of the MCCI in economic development.
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