Private sectors should work according to rules and regulations: SBP Governor

State Bank of India (RAS) Governor Reza Bakir said today (7 September) that the stabilization of the country's economy is his top priority and the private sector should follow its own rules. And rules.

During his visit to FPCCI's regional office in Lahore, he said that the priority of SBP was to remain at the same level as other banks, without which growth could not be realized. "There were no dollars available to cover the maturity of bank loans," he said.

Reza Bakir said that there are many losses when the Treasury runs out of money. "Our priority is to achieve sustainable development in the banking sector and the situation is better than six months ago," he said.

He said that the reforms were introduced and the agreement with the IMF was signed. "State Bank does not have solutions to all problems, SMEs are also a priority," he said.