SBP is ready to face any external challenge : governor SBP


Dr Raza Baqir, governor State Bank of Pakistan (SBP) has said State Bank is ready to face any external jerk.

“SBP is ready to face any external threat no matter either it is with reference to military challenge on Kashmir situation or growing prices of oil in international markets”, he said this talking to business leaders here Saturday.

He pointed out IMF had set GDP target at 2.4 percent and according to our estimate GDP growth rate will remain 3.5 percent during fiscal year 2019-20.

He held out assurance that we will have to bring stability in our policies to win trust of national and international investors.

Responding to several questions from business leaders he said SBP is placing focus on 3 major issues. These matters include exchange rate, foreign exchange reserves and interest rate.