ISLAMABAD: Finance Minister Ishaq Dar has stressed that fiscal and monetary policy coordination is imperative for sustainable and effective economic growth.

During a meeting with State Bank of Pakistan Governor Jameel Ahmed on Saturday, Mr Dar discussed the measures for the stabilisation and growth of the economy.

The SBP governor stated that the market sentiments have considerably improved as reflected in the appreciation of the rupee. He was of the view that continuing efforts by the government and the central bank will further put a squeeze on those who were manipulating the foreign exchange market.

Mr Ahmed apprised the finance minister of different macroeconomic policy initiatives in line with the objectives of fiscal policy taken to achieve sustainable growth. He said that SBP is fully committed to supporting the process of economic revival as per the policies of the government and assured Mr Dar of his full support.

Mr Dar commended the initiatives of the SBP on introducing digital banking in line with international best practices and Pakistan’s first instant payment system — Raast. He also appreciated the SBP’s role in the monetary stability and economic growth of the country.

Published in Dawn, October 2nd, 2022