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Sunday, July 17, 2011

All government efforts to prevent governor SBP from resigning his office prove futile

KARACHI: All the efforts on the part of government have met failure in preventing Governor State Bank of Pakistan (SBP) from tendering resignation from his office.

Sources told governor SBP Shahid Hafeez Kardar while pointing to his differences with government on several policy issues in the reasons advanced by him for tendering resignations termed these policy issues against the interests of central bank.
Shahid Kardar said he tried to take all decisions keeping in view the survival of banking system and dignity of central bank but steps taken by government blocked all his endeavours. Therefore, no way out was left before him except to resign from his office, he stated. Online