1. Economic Development
The challenge facing the government which assumed power in October 1999 as to put the economy back to its pre 1990 track. ... 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. ... Notwithstanding the bureaucratic inertia, it was decided by the Caretaker Government to go ahead with the proposed reforms. ... The SBP was aware that the Caretaker Government was there only for three months, that there was a reluctance on the p...
- Word Count: 2277
- Approx Pages: 9
- Grade Level: Undergraduate