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    Hafiz Farrukh Ishaq
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    Ahmad expresses disappointment with the Pakistani government's decision to grant autonomy to the State Bank of Pakistan from the government. He argues that while autonomy aims to provide economic stability, it is better suited for developed economies rather than developing ones. Autonomy would prevent the central bank from adjusting monetary policy and shifting financial resources to urgently address issues, such as providing pandemic relief, as needed by the government. It also means the central bank will not be accountable to any institution.

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    Dialogue Writing practice

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    Ahmad expresses disappointment with the Pakistani government's decision to grant autonomy to the State Bank of Pakistan from the government. He argues that while autonomy aims to provide economic stability, it is better suited for developed economies rather than developing ones. Autonomy would prevent the central bank from adjusting monetary policy and shifting financial resources to urgently address issues, such as providing pandemic relief, as needed by the government. It also means the central bank will not be accountable to any institution.

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    4 views1 page

    Dialogue Writing Practice

    Uploaded by

    Hafiz Farrukh Ishaq
    Ahmad expresses disappointment with the Pakistani government's decision to grant autonomy to the State Bank of Pakistan from the government. He argues that while autonomy aims to provide economic stability, it is better suited for developed economies rather than developing ones. Autonomy would prevent the central bank from adjusting monetary policy and shifting financial resources to urgently address issues, such as providing pandemic relief, as needed by the government. It also means the central bank will not be accountable to any institution.

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    Critique on Government’s policy of providing autonomy to Financial institution

    Me: Hi Ahmad, good to see you back in office (bank) after holidays.
    Ahmad: Farrukh, although I am back in office but half-hearted.

    Me: What happened Ahmad? Why are you so disappointed?


    Ahmad: Just look at it brother, I don’t know what is the intention of the incumbent government by
    giving autonomy to State bank of Pakistan.

    Me: Ahmad, won’t it give stability to our crumbling economy and stop the abrupt inflation rate?
    Ahmad: Farrukh, although the major aim is to give stability but it suites the developed economies, not
    the developing ones.

    Me: But what is the problem if such autonomy is given to such an institution in a developing country like
    ours?
    Ahmad: Developing economies have to adjust their financial resources in matters which require urgent
    attention just like government’s policy of financially helping people in covid-19.

    Me: Oh! ok Ahmad, so it means that State Bank won’t be helpful in such cases which requires abrupt
    shifting of financial resources.
    Ahmad: Yes, that’s my point. Moreover, after this, State Bank won’t be4 accountable to any institution
    as well.

    Me: Your points are quite logical, and are thought provoking.

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