SBP sees recovery, analysts disagree
Delivery of a central address to the ninth annual microfinance conference in Karachi, the Governor of the Pakistan State Bank (SBP) Jameel Ahmad underlined signs of "resistant macroeconomic stability," reporting a sharp decline in inflation, improved foreign exchange reserves and growth recovery. However, the reality on the ground, mentioned by international institutions and economists, says a strongly different story. According to an official statement issued on Thursday, Ahmad noted that the difficult but necessary political and regulatory measures taken in recent years have led to a period of macroeconomic stability. While pointing out the improvements to Pakistan’s macroeconomic indicators, he
