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About Us |
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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 -
- 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;
- approve and issue the monetary policy statement and other monetary policy measures;
- perform any other functions conferred on it by law; and
- carry out any ancillary activities incidental to the exercise of its functions under this Act."
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Members of the Monetary Policy Committee |
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Mr. Jameel Ahmad
Chairperson Governor, SBP
Profile |
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Dr. Inayat Hussain
Deputy Governor - Banking & FMRM, SBP |
Mr. Saleem Ullah
Deputy Governor -
Finance , Inclusion & Innovation |
Mr. Muhammad Ali Malik
Executive Director - FMRM, SBP |
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Dr. Naved Hamid
External Member |
Dr. Hanid Mukhtar
External Member |
Dr. S.M Turab Hussain
External Member |
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Mr. Najaf Yawar Khan
Non-Executive Director SBP Board |
Mr. Muhammad Ali Latif
Non-Executive Director SBP Board |
Mr. Fawad Anwar
Non-Executive Director SBP Board |
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Secretary to the Monetary Policy Committee |
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Mr. Fayyaz ur Rehman
Corporate Secretary |
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