SBP plays vital role in economic development: Anwar

Acting Governor said SBP's achievments are evident since Pakistan is considered to have a robust financial system.

KARACHI: The State Bank of Pakistan (SBP) is playing a vital role in the economic and financial development of the country, said Acting Governor of the SBP, Yaseen Anwar.

Speaking at a flag-hoisting ceremony held at the SBP on Saturday morning to mark the 63rd Independence Day, he said the achievements of the State Bank are evident from the fact that now Pakistan is considered among those countries which have a robust financial system.

Anwar stated that the SBP has been making relentless efforts with sincerity, dedication and honesty for the development of the economy. He said “it is beyond any doubt that we as a nation had made many great achievements in the past and we possess huge potential to keep pace with the world.”

The SBP acting governor urged all employees of the central bank to show greater commitment to transforming the State Bank into a more dynamic and modern institution in line with contemporary banking practices being exercised in developed economies. “We must renew our determination that we will continue to make unrelenting efforts to achieve the goals for which the central bank was established. Let’s resolve that we will continue to work with utmost sincerity, devotion, honesty and professionalism at the central bank,” he added.

He stressed that 14th August is not just an anniversary “but this day demands from us to continue making rigorous efforts to achieve the goals for which our forefathers had created this homeland.

“This day demands from the nation to follow the golden principles of unity, faith and discipline that our Quaid taught us,” he added.

“Undoubtedly, our country has come a long way, keeping in mind the circumstances we faced at the time of independence,” the acting governor of SBP said, adding that despite innumerable difficulties, Pakistan has gradually made remarkable progress in all spheres of life.

“However, while appreciating these achievements, we must also review the mistakes we committed in the past due to which we are still far away from the level of success that our Quaid and other national heroes had conceived,” he remarked.

Anwar said that the country at present is facing many difficulties “but I am sure that we as a nation will succeed again in overcoming these difficulties with determination and patriotism. In this scenario, this day provides the nation with an opportunity to reiterate its commitment to the homeland,” he added.

Published in The Express Tribune, August 15^th, 2010.