Pakistan Central Bank Governor Baqir on Policy, Economy

The video discusses Pakistan's monetary policy, highlighting its accommodative stance with a 7% policy rate amid COVID-19 uncertainties. It covers the government's successful COVID-19 strategy, including cash transfers and maintaining low public debt. Economic growth forecasts are revised to 3.9% due to central bank stimulus and prudent fiscal measures. Inflation is expected to be close to 9%, driven by energy and food prices. The IMF program is transitioning from stabilization to growth, with significant improvements in the current account and reserves.

What was the primary reason for the Monetary Policy Committee's decision to keep rates unchanged?

• Decreasing inflation rates

• Stable energy prices

• Uncertainties related to COVID-19

• High employment rates

Which program was recognized as a global success by international agencies?

• Pakistan's Healthcare Improvement Program

• Pakistan's Education Reform Program

• Pakistan's Emergency Cash Transfer Program

• Pakistan's Infrastructure Development Program

What was the revised growth forecast for Pakistan by the central bank?

• 4.5%

• 2.5%

• 3.0%

• 3.9%

What was a key factor in supporting market sentiment in Pakistan?

• Decreased foreign investments

• High inflation rates

• Prudent fiscal measures

• Increased public debt

What is the expected average inflation rate for the fiscal year according to the latest estimates?

• 5%

• 9%

• 11%

• 7%

How has Pakistan's current account changed according to the IMF program?

• Remained unchanged

• From a deficit to a surplus

• Increased deficit

• From a surplus to a deficit

What is the current stage of the IMF program for Pakistan?

• Debt reduction

• Stabilization to growth

• Growth to stabilization

• Inflation control