The State Bank of Pakistan [SBP] strongly suggested that the constant high levels of inflation must be abridged because it is very harmful to the economy and common people alike. SBP further stressed that the government should manage the increasing inflation rates even at the cost of sacrificing some growth in the short-term. The SBP warned that the potential emergence of large fiscal and external imbalances pose threats to the sustainability of ongoing positive trends of our national economy. This is a timely reminder by the SBP to the government to do something constructive, functional and positive for the well being of the poor people of the country. The report said that the country's economy during FY06 would be weaker than in the preceding year.
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