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| Workshop for Economic Journalist (April 29, 2016) - Islamabad |
Understanding
Monetary Policy and Financial Stability
One day workshop regarding
understanding monetary policy and financial
stability was arranged at NIBAF-Islamabad
on April 29, 2016. During the monetary
policy session, it was elaborated to
the participants that the monetary policy
was used as a stabilization tool primarily
to iron out wrinkles in an economy due
to inflation. Over the last more than
four decades, the role of monetary policy
as an effective tool of fighting inflation
has strengthened. Central banks by virtue
of formulating and implementing monetary
policy, are mandated to control inflation.
Over the years, central banks have been
strengthened to deliver this mandate.
This workshop discussed what entails
to deliver this mandate by SBP and how
effectively this is being done.
Another area that stimulated intellectual
debate since the global financial crisis
was financial stability. Before the
financial crisis, it was presumed that
maintaining price stability will automatically
lead to financial stability. The experience
in developed countries, however, is
contrary to this belief. Financial stability
is now emerging itself as a discipline
where central banks are strengthening
their efficacy and Pakistan is no exception.
A detailed discussion regarding legal
mandate and supervisory framework for
ensuring soundness of the system and
tools available with SBP for risk assessment
of the regulated institutions took place.
Furthermore, this workshop highlighted
the measures taken by State Bank of
Pakistan for promoting financial stability.
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| Workshop for Economic Journalist (June 15-16, 2015) - Karachi |
Understanding Macroeconomics, Financial Sector and Banking
Two days workshop for Economic journalist was arranged at Learning Resource center, State Bank of Pakistan Karachi on June 15 -16, 2015. Deputy Governor Policy Mr. Riaz Riaz-ud-din along with Chief Spokesperson Mr. Abid Qamar graced the opening ceremony whereas Governor State Bank Mr. Ashraf Mahmood Wathra addressed the participants and distributed at closing ceremony.
Workshop covered rationale behind formulation of monetary policy and its relation with inflation in session regarding inflation and monetary policy. Further, real and fiscal sector was discussed to explain the concepts of fiscal policy and what constitutes to formulate expansionary (loose) or contractionary (tight) fiscal policy. Another session regarding financial markets was conducted as to explain the financial markets and how do they contribute in financial intermediation – optimum utilization and channelizing of financial resources. Banking sector highlighted the focus on regulations and supervision in light of prudential regulations for different types of banking business. Branchless banking and SBP’s contribution with its performance along with agriculture finance was discussed in development finance session.
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