Pakistan Institute of Development Economics

Interview: The economy is not a political enterprise 
Publication Year : 2019

The News on Sunday (TNS): According to the Pakistan Bureau of Statistics, inflation in Pakistan is at a four-year high at 7.2 percent and the component of non-food non-energy items is showing a steady rise; this is despite the tightening of the monetary policy by the State Bank of Pakistan (SBP) which has raised the interest rate by 4.50 percent in one year. Would you agree that Pakistan’s economy is in dire straits? How do you look at the SBP’s current monetary policy? Will it be able to stabilise the economy?