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Bilawal pledges to challenge SBP autonomy ordinance – Newspaper




KARACHI: Pakistani People’s Party Chairman Bilawal Bhutto-Zardari on Friday announced the challenge to the order granting autonomy to the State Bank of Pakistan (SBP) aimed at targeting inflation rather than economic growth, calling it an agenda of the International Monetary Fund (IMF).

At a press conference, the PPP chairman said the government’s decision would make the SBP irresponsible to the Pakistani people through parliament or the judiciary, as it would only follow the dictates of the IMF.

The PTI government wanted to make economic decisions through ordinances and turned the country’s institutions over to the IMF, he said.

If the SBP followed IMF policy, it would be an attack on the country’s economic sovereignty, so the PPP would challenge the order in court. The economic crisis that the Pakistani people are facing is due to the government of Imran Khan, which has plunged us into a tsunami of inflation.

In the past three years, he said, the government had changed two finance ministers but not the policy of helping the rich while defrauding the poor. The inflated prices of gas, electricity and gasoline made everything more expensive, he added.

While reiterating his position on the Pakistan Democratic Movement (PDM), the PPP chairman hoped that it would continue on the consensual agenda. Maulana Fazl Rehman, I believe, would not support a single PDM party, he answered a question about the future of the PDM. I have been told that the past history of PPP and PML-N is such that it is difficult to keep the two parties together, but despite this it has brought all parties together for the past three years. We don’t want the infighting within the opposition to benefit the government in any way because we want to give the government trouble from the PDM platform.

Asked about a possible change in the federal cabinet, Mr Bhutto-Zardari said a change of cabinet was a good thing, but the prime minister has always remained unchallenged during all government failures.

Imran Khan was never ready to take any responsibility. Whenever there is a problem, they turn someone into a scapegoat. The latest example we see of Special Assistant Nadeem Babar, who was made a scapegoat after the oil crisis, he said.

Posted in Dawn on April 3, 2021

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