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Former SBP governor raises concerns over central bank autonomy bill

Former Governor SBP and former adviser to Prime Minister Imran Khan Dr Ishrat Hussain has expressed reservations over the central bank’s autonomy bill.

Talking to Shahzeb Khanzada on Geo News today, Ishrat Hussain said that the Monetary and Fiscal Coordination Board should not have been abolished. The former SBP governor said the government should not continue borrowing so much from commercial banks and should have made it clear to the IMF that giving too much priority to price stability over economic growth would be too much.

It may be recalled that the government had yesterday introduced a bill in the National Assembly on the autonomy of the SBP under which the federal government would not be able to obtain a loan from the central bank.

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