KARACHI, PAKISTAN: State Bank of Pakistan (SBP) Governor Jameel Ahmad has emphasised that sustainable economic growth cannot be achieved without first ensuring macro-economic stability. Speaking at an event in Karachi, the governor highlighted that while Pakistan has made some progress in stabilising its financial indicators, the real challenge lies in creating an environment conducive to long-term growth and investment.
Ahmad noted that inflation control, fiscal discipline, and investor confidence are key to unlocking Pakistan’s growth potential. “Stability is not the destination—it is the foundation,” he remarked, adding that structural reforms must complement monetary measures to prevent recurring economic setbacks.
He further stated that the SBP remains focused on strengthening financial inclusion, supporting exports, and managing inflation within the target range of 5–7 percent. The central bank, he said, is also working closely with the government to address systemic inefficiencies that have slowed down economic momentum.
The governor’s remarks come at a time when Pakistan is striving to maintain foreign reserves, manage debt repayments, and boost exports amid a volatile global economy. Ahmad warned that without sustained reform and responsible governance, the country risks sliding back into economic fragility despite temporary signs of improvement.
Analysts have echoed his concerns, noting that Pakistan’s growth trajectory will remain uncertain until reforms in taxation, energy, and governance take root. The SBP’s focus, Ahmad reiterated, is to steer the economy toward resilience and inclusivity—ensuring that stability benefits not just the markets but the people at large.
This story has been reported by PakTribune. All rights reserved.