PESHAWAR: Monetary Policy was discussed by the speakers at a hybrid round table organized by Khyber Pakhtunkhwa Board of Investment and Trade (KPBoIT).
They have called for discussing social implications of change in monetary policy on doing business on a broad spectrum.
A stable market perception, can be improved with an inclusive, coordinated, socially considerate, price stability based and better communicated monetary policy resulting in improved investor confidence.
This was discussed by distinguished speakers at the hybrid round table organized by Sustainable Development Policy Institute (SDPI) in collaboration with KPBoIT Peshawar on the topic of Understanding Social Implications of Monetary Policy in Pakistan.
Dr Sajid Amin Javed, Research Fellow, SDPI said the monetary policy is and should be treated as the public policy which is equally relevant and important for masses as similar to managers and businesses. A particular highlight was the lack of gender balance in State Bank of Pakistan decision making forums.
The purpose to highlight the issue into mainstream is not to criticize the function of the SBP but to strengthen its status and scope of work, which should be broader than the present role, ideally, whereas the institution should be held accountable on its core functions of inflation and foreign exchange stability.
Inclusivity and better coordination between policy stakeholders is essential for effective design, development, implementation, and monitoring and evaluation of monetary policy resulting in balanced economic growth and social development in Pakistan implied in controlled inflation and price stability, he added.
Hassan Daud Butt, CEO, KPBoIT emphasized on the inequality needs which should be rescheduled in terms of monetary policy. He emphasized that social implications of change in monetary policy on doing business needs to be discussed and analyzed.
The meeting was attended by various members from academia and media persons.
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