But we need it, particularly in the context of a banking union and possible bank recapitalisations. And transparency is especially important with a view to legacy assets and forbearance of the problem banks. How do we proceed further? Repairing the banks’ balances sheets and injecting capital is one answer.
Some short term measures are being contemplated to lower these borrowings to ensure that the end year results show less SBP borrowings by Federal Government. The impact of the high borrowings has however permeated and penetrated in inflation and it will take stronger measures to unwind it and results will emerge with lag.