Updated on
Summary Meeting of the Monitoring and Fiscal Policy Board held under the chair of Hafeez Shaikh.
SBP Governor Shahid Kardar briefed the meeting about the monitory policy. The meeting was informed that the government has borrowed Rs 315 billion from July2010 to December 2010. Government’s borrowing from the central bank and hike in oil prices are major causes of inflation, he added. He said that the ratio of the loans during January to April has decreased, but it should be decreased more. According to sources, budget strategy paper will be presented on Wednesday in National Assembly session.
