{"id":61803,"date":"2020-02-23T09:46:31","date_gmt":"2020-02-23T04:46:31","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61803"},"modified":"2020-02-24T12:30:04","modified_gmt":"2020-02-24T07:30:04","slug":"sbp-governor-toughest-part-over","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-governor-toughest-part-over.html","title":{"rendered":"SBP governor says toughest phase of economic stabilisation over"},"content":{"rendered":"\n<p>Karachi: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has stated that the toughest phase of economic stabilisation is now over and the country\u2019s business sector has a bright future \u2013 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-announces-surge-foreign-investments.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP announces surge in foreign investments (opens in a new tab)\">SBP announces surge in foreign investments<\/a><\/p>\n\n\n\n<p>He was speaking at the \u2018CEO Summit Asia 2020\u2019 organised by CEO Club Pakistan and Management House. He further stated that there were signs of a turnaround in January numbers as sales of cement, imports of machinery, and large-scale manufacturing all witnessed an uptick.<\/p>\n\n\n\n<p>\u2018It can be said with confidence that the <a href=\"https:\/\/www.zameen.com\/forum\/answers\/other_and_misc\/where_is_pakistan_economy_headed_in_2020_-32989.html\">worst is behind us<\/a>,\u2019 he said. At the same time, he emphasised the need for reforms in the public sector to stimulate growth in the private sector. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-increases-remittance-limit-freelancers-working-foreign-firms.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP increases remittance limit for freelancers working with foreign firms (opens in a new tab)\">SBP increases remittance limit for freelancers working with foreign firms<\/a><\/p>\n\n\n\n<p>He added that the central bank would ensure that small and\nmedium-sized enterprises (SMEs) get the financing from banks. He also urged\nthat the country\u2019s chambers of commerce and industry to play a role in the\npromotion of SMEs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has stated that the toughest phase of economic stabilisation is now over and the country\u2019s business sector has a bright future \u2013 a news source reported. Read: SBP announces surge in foreign investments He was speaking at the \u2018CEO Summit Asia 2020\u2019 organised by CEO Club Pakistan and Management House. He further stated that there were signs of a turnaround in January numbers as sales of cement, imports of machinery, and large-scale manufacturing all witnessed an uptick. \u2018It can be said with confidence that the worst is behind us,\u2019 he said. At the same time, he emphasised the need for reforms in the public sector to stimulate growth in the private sector. Read: SBP increases remittance limit for freelancers working with foreign firms He added that the central bank would ensure that small and medium-sized enterprises (SMEs) get the financing from banks. He also urged that the country\u2019s chambers of commerce and industry to play a role in the promotion of SMEs.<\/p>\n","protected":false},"author":57,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[20574],"persona":[],"class_list":{"0":"post-61803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-sbp-governor-says-toughest-phase-of-economic-stabilisation-over","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP governor says the toughest part over - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has stated that the toughest phase of economic stabilisation is now over and the country\u2019s\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-governor-toughest-part-over.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP governor says the toughest part over - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has stated that the toughest phase of economic stabilisation is now over and the country\u2019s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-governor-toughest-part-over.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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