State Bank Governor Salim Raza resigns

[sparklingway]

IMHO After the new budget Interest rates will go too high because of Inflation already here. Taxes will be high too. So instead of making thing better the high taxes may worse it as Intrest rates not always effect inflation. High taxes will make things more costly. and it all will become a mess.

In this situation State Bank of Pakistan will be criticized more than ever. So just to save his *** which was going to get beaten because of wronge policies of Govt he is resigning.

Its my opinion could be wrong

How much higher could the interest rates go? Our banks have the third highest average consumer interest rates in entire Asia. Our banks rip off the people and State Bank itself has been maintaining a high interest rate thanks to inflation, but it is under considerable control now.