1. Economic Development
Accordingly, at the request of the Caretaker Government, the SBP prepared in August 1993 a confidential paper containing proposals to give autonomy to it and to separate monetary policy from fiscal policy of the government. When the paper came for review in an inter-governmental meeting, the Finance Minister and Special Adviser to the Prime Minister (Shahid Javed Burki) fully supported the proposals meant to give to the SBP a measure of autonomy but the senior bureaucrats of the Ministry of Finance showed a lukewarm, if not a hostile, attitude to the proposed reforms. ...
- Word Count: 2277
- Approx Pages: 9
- Grade Level: Undergraduate