Pakistan Muslim League-Nawaz (PML-N) leader and main spokesperson for party supremo Nawaz Sharif, Muhammad Zubair has said that the PML-N will not allow the State Bank of Pakistan (SBP) bill, which grants the bank great autonomy in line with the recommendations fo the International Monetary Fund (IMF), to pass. “On behalf of our party we have a lot of reservations and this is equal to snatching Pakistan’s freedom. Zubair said the PML-N had no reservations on the SBP being an independent institution but did have reservations over the fact that the bill was being brought at the behest of the IMF. The PML-N spokesperson said that the bill would allow the SBP to escape accountability. The decision to amend the SBP Act is also a decision taken in haste to revive IMF’s stalled programme which required thorough debate.

Source: Pakistan Today March 24, 2021 14:26 UTC