Since it first leaked to the public last week, the news of a proposed amendment in the central bank’s status has become a topic of national discussion. Some critics have gone so far as to call it an IMF conspiracy to break Pakistan while others thought it was against our national interest. With the debate heating up, the State Bank of Pakistan clarified on Monday what the proposed amendments are and why they are needed. The following are key takeaway points from a virtual media briefing it held. The draft bill, the SBP Amendment Act 2021, has been passed by the National Assembly and is currently being discussed in parliament. It is open for debate and hasn’t yet become law. It will be
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