A day earlier, the Pakistan Peoples’ Party PPP
has decided to strongly oppose the appointment of Dr Reza Baqir as Governor State Bank of Pakistan (SBP).
Speaking to the journalists in the parliament house on Monday, PPP Chairman Bilawal Bhutto Zardari said, “The government has lack of leadership. It seems the government is compromising on the country’s economic autonomy.”
Bilawal Bhutto asked that if International Monetary Fund (IMF)
will now decide who should be appointed on top slots, adding that the system will not work in this way.
“IMF also needs us and PPP fought for public when it contacted IMF in past. He said PPP gave jobs to people against the will of IMF in past but incumbent government is only following IMF demands,” he termed.
The PPP chairman also mentioned that a sudden change of the finance minister, the SBP governor and chairman FBR was a serious issue
Rabbani terms IMF new East India Company
Earlier, Raza Rabbani said that a current employee of the IMF being appointed as the SBP governor was deplorable. “This amounts to colonisation of Pakistan by the international financial imperialists,” he said in a statement.
“The IMF is the new East India Company, they have their men in place as the adviser on finance and governor State Bank, in previous arrangements the takeover was not so complete. But then no Pakistani government claimed that there may be an offshore discovery of oil and gas. The looters have come before hand,” he maintained.
The SBP governor, he pointed out, being an employee of the IMF, which was giving a bailout package to Pakistan, was a conflict of interest and it was obvious that his loyalties would not be with Pakistan.