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 Monetary Policy Committee (MPC)

 Powers and Functions of the Monetary Policy Committee

Powers and Functions of the Monetary Policy Committee are laid down in the State Bank of Pakistan Act, 1956 (as amended upto 28-01-2022):


"In order to achieve the objectives of the Bank, the Monetary Policy Committee shall -

  1. formulate the monetary policy, including, as appropriate, decisions relating to intermediate monetary objectives, key interest rates and the supply of reserves in Pakistan and may make regulations for their implementation;
  2. approve and issue the monetary policy statement and other monetary policy measures;
  3. perform any other functions conferred on it by law; and
  4. carry out any ancillary activities incidental to the exercise of its functions under this Act."


Members of the Monetary Policy Committee
 
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Mr. Jameel Ahmad
Chairperson
Governor, SBP

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Dr. Murtaza Syed
Deputy Governor - Policy
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Dr. Inayat Hussain
Deputy Governor - Banking & FMRM, SBP
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Mr. Arshad Mehmood Bhatti
Executive Director - BPRG, SBP
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Mr. Tariq Mahmood Pasha
Non-Executive Director SBP Board
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Mr. Syed Nadeem Hussain
Non-Executive Director SBP Board
       
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Mr. Fawad Anwar
Non-Executive Director SBP Board
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Dr. Naved Hamid
External Member
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Dr. Hanid Mukhtar
External Member
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Dr. S.M Turab Hussain
External Member
Secretary to the Monetary Policy Committee

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Mr. Mohammad Mansoor Ali
Corporate Secretary

       
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