State Bank Governor Dr. Raza Baqir Complete Press Conference Today | GNN | 17 June 2019

[Shahzaz ud din]

State Bank Governor Dr. Raza Baqir Complete Press Conference Today

 

[Pakistansdefender]

Explained ever single point only if pakistanis are ready to listen .

 

[American Pakistani]

It's too long, can somebody do us a favor and quote the key points plz.

 

[Shahzaz ud din]

‘We have completed all the tasks given by IMF’: Raza Baqir
By
admin
-
June 17, 2019

June 17, 2019 (MLN): The governor of State Bank of Pakistan Raza Baqir, in a press conference held today, said he was pleased to play a role in the overall process of reaching an agreement with the IMF, as he had a prior experience of working with the fund.

He informed that IMF will be holding a board meeting on July 3, 2019, following which all the important documents shall be made public.

“Historically, we have seen that the economy has benefited greatly from IMF in the form of sharp improvement in asset market, equity market and remittances”, he said.

He said that the remittances sent by overseas investors had also increased significantly after the agreement, as these investors got a signal that the economy was being supported financially by international communities.

He assured that Pakistan was heading towards stability as the economic team of the country, which comprises of Central Bank, was striving hard to address and overcome the issue of twin deficits.

Copyright Mettis Link News

Posted on: 2019-06-17T18:27:00+05:00
28438

Govt will not borrow from SBP in FY20: Governor SBP
By
admin
-
June 17, 2019

June 17, 2019 (MLN): The government will not borrow funds from the State Bank of Pakistan (SBP) in upcoming fiscal year 2019-2020, said governor central bank Mr. Reza Baqir.

At a press conference that aired live on SBP’s official social media handle, the governor spoke on Pakistan’s economic outlook and the role of SBP in it, stating that instead of borrowing from the SBP, the government will borrow directly from the market.

“We have adopted market based policy and SBP will monitor the demand and supply within the economy,” he said.

Apart from this, he also opined that free float is not suitable for the Pakistan. Sentiments sometimes cast a shadow on the fundamental requirements and free float is not our policy, he said.

Upholding the persistently sliding value of PKR at interbank, the governor said that depreciation helps in improving the external deficit, adding that the government has resolved to put the economy back on track and is taking suitable steps to reduce the twin deficit.

“While the exchange rate change has helped control the imports we are working on several other proposals to increase exports. The currency has recently witnessed a two way movement. Before Eid, the rupee hit 152 per USD and also saw the 148 per USD level.”

He pointed out that the inflows surged which had helped the local currency to gain, however it depreciated because of seasonal factors.

“Before June close several companies have to clear their debts which put a heavy pressure of the rupee.”

The incumbent government’s primary aim is to reduce uncertainty and to reduce poverty from the country.

In response to a representative for Mettis Link News, when asked if the SBP is comfortable with the positive interest rate differential between interest rates and the rate of inflation, governor SBP responded that for the future, “we would like to add flexible inflation targeting framework and would give target assessments in July at the next Monetary policy meeting where we will assess the inflation data and see whether further tightening is a requirement.”

Copyright Mettis Link News

Posted on: 2019-06-17T18:11:00+05:00
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Previous articleKP to get Rs 533,261 mln share from federal divisible pool in FY 2019-20

 

[Syed1.]

Thanks for sharing.... What a brilliant, learned man and seems like a complete expert in his field. We need people like him manning all ministries and institutions.

 

[El Sidd]

ECP should take notice of how Mr. Raza was given Pakistani citizenship on the eve of his selection.

This is a matter of national security and greater public interest.

 

[fitpOsitive]

Ay mery Rab, Pakistan pe rehem ferma.
See his profile, its IMF all over the place.

 

[PakGuns]

we seriously need to convince foreign investors with innovation and advancement to make joint ventures in Pakistan, discourage the likes of Honda 125 makers,70 makers and validate an continuously advancing economy ... like bajaj/ktm in india

 

[Dark-Destroyer]

ECP should take notice of how Mr. Raza was given Pakistani citizenship on the eve of his selection.

This is a matter of national security and greater public interest.

how did that happen?

 

[El Sidd]

how did that happen?

Do not be ghabhraying about it. You just found out and he has been there at the post for over an year.

And do not get me started on Dual National imported for the NADRA setup to sell Data.

There are no rivers of honey and oil. Just lies, deceit and hypocrisy behind the handsome avatar.

 

[Syed1.]

Love how paindu losers cry about dual nationals..... their own credentials aren't good enough to open a pan ka khoka but are raising fingers on head of NADRA who is a MIT graduate just because he might be dual national.


This is the profile of Usman Mobin:

ISLAMABAD: Usman Mubin, 35, newly appointed Chairman Nadra, an MIT graduate, is the youngest ever head of any leading Pakistani organization.

Studied at the prestigious Massachusetts Institute of Technology (MIT) and having a master’s degree in Electrical Engineering and Computers Science as well as a bachelors degree in the same subject, Usman has completed many complicated national and international IT projects which have turned around not only Nadra, but also revolutionized the functioning of many other organizations.

Usman graduated with a cumulative GPA of 5.0/5.0 in 2002. Before MIT, he graduated from Atchison College with the best A-level grades in the world and won the President’s Medal for best student in his class every year for 12 consecutive years.

In recognition of his services, Usman has been awarded numerous awards including Tamgha-e-Imtiaz in Public Service by the President of Pakistan in 2008. He will take over Nadra on February 9.

Usman Mobin has designed and implemented numerous international projects including Citizens’ Registration Project in Sri Lanka, Identity Management of Sri Lanka, Civil Registration of Sudan, Machine Readable Passports of Kenya and Drivers License of Bangladesh.

In Pakistan, he has deployed the National Identity Card System, Civil Registration System, Smart Card, and software for Benazir Income Support Programme, Watan Cards, Citizens Damage Compensation Program, Arms License Projects and the world’s first ever ICAO compliant multi-biometric passports.

The federal government appointed Usman Yousaf Mobin, Nadra’s Chief Technology Officer, as the authority’s chairman on Wednesday. The position fell vacant after the resignation of former Chairman Tariq Malik on 10th January last year.

Now people like @Retired Troll can keep running mouth. I'd much rather have a brilliant person like Mobin heading NADRA even if he is allegedly a dual national.

 

[TheDarkKnight]

ECP should take notice of how Mr. Raza was given Pakistani citizenship on the eve of his selection.

This is a matter of national security and greater public interest.

Being born in Pakistan to Pakistani parents is not enough to be a citizen?
I think its about time we accept and treat Karachi borns as equal citizens too
#KarachiPakistaniHai
#KarachiBhiUmmahHai

 

[El Sidd]

Being born in Pakistan to Pakistani parents is not enough to be a citizen?

Its against the law. People who have signed allegiance to other countries along with Pakistan are not allowed to hold key positions in the government and public offices.

I think its about time we accept and treat Karachi borns as equal citizens too
#KarachiPakistaniHai
#KarachiBhiUmmahHai

Go pass an ordinance.

But it has nothing to do with Karachi or Lahore. Its simply illegal.

 

[TheDarkKnight]

Its against the law. People who have signed allegiance to other countries along with Pakistan are not allowed to hold key positions in the government and public offices.

Is there such law for Gov SBP? Does he even have a second citizenship to begin with? Residency permits/Aqama/Green Cards etc. don't make you a citizen FYI - there is no oath taking and you loose the status in a given time.
Do you mind sharing images of his non-Pakistani foreign passport - based on the assertiveness of your claims I assume you have them handy or can vouch on your Iman to have seen it with your own eyes in a non-influenced state of mind.

Although, according to Jemimas Cousin - Vicky - he is listed as only Pakistani.

Go pass an ordinance.

But it has nothing to do with Karachi or Lahore. Its simply illegal.

You said he was not a Pakistani citizen and was granted citizenship on some suspicious fast track basis. If Karachi is Part of Pakistan, then he is a Pakistani and a vibrant member of the Muslim Ummah as well. You cannot take away his birth citizenship of Pakistan and the brother hood privilages of Ummah as a Muslim ( the last one you can maybe ...)

 

[ziaulislam]

Thanks for sharing.... What a brilliant, learned man and seems like a complete expert in his field. We need people like him manning all ministries and institutions.

Look at his credentials ..

Pretty sure he will be kicked out soon or will leave disappointed ..

its not easy to work in pakistan..

Its against the law. People who have signed allegiance to other countries along with Pakistan are not allowed to hold key positions in the government and public offices.




Go pass an ordinance.

But it has nothing to do with Karachi or Lahore. Its simply illegal.

Yup like nawaz sharif and aqama holders