ISLAMABAD: SBP reforms to eliminate role of institutional investors in National Saving Schemes
* Containing inflationary pressure major objective of monetary policy
* Current account deficit expected to widen during FY11
State Bank of Pakistan (SBP) reforms are aimed at phasing out role of institutional investors in National Saving Schemes, review of the Export Finance Scheme (EFS) and Long-Term Financing Facility (LTFF), so as to ensure removal of distortions by narrowing the difference of interest rates on subsidised schemes with the market interest rates and making them more focused to achieve objectives for which they are created.Read More »ISLAMABAD: SBP reforms to eliminate role of institutional investors in National Saving Schemes