KARACHI: Pakistan Businessmen and Intellectuals Forum President Mian Zahid Hussain has said that the government should complete the process of legislation to empower the central bank so that it can be freed from the clutches of the finance ministry.
Lauding the decision of the government to provide autonomy to the State Bank of Pakistan, he said following the pandemic the role and responsibilities have increased manifold, and the move to do the same in Pakistan will have a positive impact.
Mian Zahid Hussain said that rules and regulations of the central bank should also be changed, especially the rule that the governor of SBP would also head the board of directors of the bank.
He noted that the government has also started spadework to reform human resource and working of the FBR and provide it some autonomy while the tax system is being simplified, withholding tax is being reduced and dispute resolution mechanism is being tweaked.
Copyright Business Recorder, 2020
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