It appears that the Fund is getting its undeclared conditions implemented in advance through its representatives in Pakistan. It is the duty of the SBP to announce the bank rate keeping in view the entire economic spectrum and without being influenced by a particular interest group. The way an extra high bank rate has been announced would benefit only the banking sector while badly affecting the livelihood of the common man, discouraging investments and bringing down agricultural production. The man in the street was already reeling under the inflationary impact of the steep fall of the rupee. Agricultural inputs would become costly with the rise in power and oil charges and skyrocketing prices of imported fertilizer and insecticides.

Source: Pakistan Today May 21, 2019 15:37 UTC