State Bank of Pakistan Governor Dr Reza Baqir has emphasized real economic activity is expected to revive soon on the back of recent economic reforms initiated by the SBP and the government.
These comments were made at an interactive session hosted in the UAE by Bank Alfalah with attendees representing leading financial institutions based in the region. The interactive session focused on understanding the economic outlook for Pakistan and the financial sector as a whole.
Baqir said adopting a market-based exchange rate and monetary policy aimed at bringing down inflation were the key steps towards stabilisation in the economy and ensuring economic progress in its next stage. This was corroborated by the recent growth in portfolio investments which reflected the investors’ confidence.
