US-IMF-(Special Correspondent / Web Desk)-The International Monetary Fund (IMF) has issued fresh recommendations for Pakistan, calling for greater independence of the State Bank of Pakistan (SBP) under its Governance and Corruption Diagnosis Assessment Report.
According to sources, the IMF has suggested more amendments to the State Bank Act to limit political influence on monetary policy. A key recommendation includes removing the federal finance secretary from the SBP Board of Directors to ensure fair and impartial decision-making.
The report also notes that two out of three deputy governor seats at the SBP remain vacant. The IMF has emphasised the urgent need to fill these top positions to strengthen the bank’s management and oversight capacity.
Chinese FM set to visit Pakistan for strategic dialogue this week
The IMF has further pressed Pakistan to stop government interference in commercial bank regulation and supervision. The global lender believes these reforms are vital for ensuring the SBP’s full independence in managing and monitoring the financial system.
Ongoing talks with Islamabad
Officials from Pakistan’s Ministry of Finance confirmed that discussions with the IMF are ongoing. These proposals are expected to be linked with upcoming loan agreements and policy reform negotiations.
Comments are closed, but trackbacks and pingbacks are open.