SBP cheating masses to please government: PEW

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The Pakistan Economy Watch (PEW) on Sunday said State Bank continue to cheat masses to please the government which has dented its credibility.
It asked the State Bank of Pakistan to present true picture of the economy and refrain from issuing political statements.
The statement of the governor of central bank regarding country’s debt-servicing capacity, remittances and exports are questionable at best, said Dr. Murtaza Mughal, President PEW.
He said that confidence in the central bank is essential for the smooth functioning of the financial system therefore job of issuing rosy statements should be left to the politicians.
Dr. Murtaza Mughal said that the governor of SBP has termed fall in remittances and exports as temporary which widening deficit has been downplayed which is contrary to the ground realities.

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