Growth versus stability
January 05, 2021
Dr Rashid Amjad
At a recent meeting of the Monetary and Fiscal Policy Coordination Board, the Planning Commission purportedly argued for three vital policy changes that lie at the heart of the current economic policy stance of the government. The first to reduce further the interest rate; the second to hold the exchange rate at near its current rate (Rs160) and not allow it to be dictated by market forces alone; and the third to pursue supporting fiscal policy measures to stimulate the nascent economic recovery seen in the last few months and led by large-scale manufacturing and the construction sector.
Labels: Pakistan Economy, Publications
posted by S A J Shirazi @ 1/05/2021 10:07:00 AM,
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