KARACHI, Aug 14: The State Bank of Pakistan has been making relentless efforts for economic development of the country.

Speaking at the flag-hoisting ceremony at the central bank here on Thursday to mark the 61st Independence Day, SBP Governor Dr Shamshad Akhtar says this day provides the nation with an opportunity to reiterate our commitment with the homeland.

She said the banking industry had made significant progress in recent years and the central bank had taken a number of measures to ensure that people at large reap the benefits of economic growth, sustainability of growth momentum and competitive environment.

Dr Akhtar said that despite several problems Pakistan as a country had come a long way since achieving independence in 1947. She highlighted various unique features and achievements of the country and said that “we all are proud to be Pakistanis”.

The SBP governor admitted that still there were several impediments in the way to progress. “Partly we are also responsible for that as we have not aligned ourselves with the requirements of the 21st century,” she added.

“We have yet to achieve self-reliance in all sectors, which is a hallmark of a sovereign and vibrant nation,” she said.