Acknowledging there are still many unknowns along the way, I will stress that the time has come to rebalance our economic policies. Away from non-standard monetary policies to addressing the structural and institutional factors that have been holding back growth. Monetary policy during the crisis First, however, let me quickly talk you through how we got to where we are now.
The SBP is, in addition to microfinance, encouraging the provision of credit to small and medium entrepreneurs through a newly set up SME Bank, to small farmers through a newly restructured Zarai Taraqqati Bank Ltd and Cooperative Banks, to women entrepreneurs, individuals and small firms through the First Women’s Bank.