ISLAMABAD: Finance Minister Ishaq Dar on Sunday said that the State Bank of Pakistan is working independently and will continue to do so.
Talking to the media, Dar said that the impression that he will engineer the matters of the central bank to suit the political narratives of the ruling Pakistan Muslim League-Nawaz (PML-N) is absolutely incorrect.
“The State Bank of Pakistan is as independent as the Parliament of Pakistan,” said the finance minister of Pakistan during the press conference.
“To claim that there is any external engineering in the SBP is like saying that there has been external engineering in the assemblies,” Dar added.
Responding to a question on sovereign debt commitment, Dar said that the government has vowed to address all forms of sovereignty.
“All national institutions are going to similarly adhere to sovereignty and writ of the state as always,” he insisted.
When asked how the rupee is rising against the dollar if all financial institutions are working independently, Dar said: “Just as democracy is rising against undemocratic forces now that all national institutions are working independently.”
“Also, ensuring the State Bank’s independence allows me to feel as powerful and invincible as those who have allowed the parliament’s independence.”