Senators Angry With SBP Governor For One Reason

The Senate Standing Committee on Finance and Revenue has voiced strong dissatisfaction following a Deputy Director of the State Bank of Pakistan's (SBP) response to a letter addressed to the central bank's Governor about foreign exchange issues faced by parliamentarians. During a meeting led by Senator Saleem Mandviwalla, committee members inquired as to why the Governor did not directly respond or delegate the issue to a higher-ranking official.

The committee dismissed the response provided by Deputy Director Salman Shah, arguing that the concerns of parliamentarians necessitated attention from a more senior level within the central bank. Mandviwalla expressed frustration over the matter's handling, stating that a junior official's response was inappropriate given the significance of the issues raised.

The committee emphasized that the Governor or another senior SBP official should have addressed the concerns rather than entrusting the matter to a Deputy Director. Consequently, they resolved to request an explanation from the central bank's senior management regarding why the letter was dealt with at a lower administrative level.