Dr. Shamshad Akhtar listed among ten outstanding Asian women leaders: The News

KARACHI: State Bank of Pakistan (SBP) Governor, Dr. Shamshad Akhtar has been listed among the ten outstanding Asian women leaders.

The report published in a newspaper, Asian Wall Street Journal said that SBP Governor, Dr. Shamshad Akhtar was the first woman Governor of Pakistan’s Central Bank placed in a better position for tackling the existing financial crisis in the country.

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WSJ slams IMF's prescriptions: Business Recorder

NEW YORK (October 30 2008): An influential US newspaper has criticised the prescriptions of the International Monetary Fund (IMF)--cuts in government expenditures, devaluation, and tax increases--for bailing Pakistan out of the financial crisis, saying that the measures would have opposite effect.

"Pakistan needs market-oriented reform along the Chilean and Irish models, not the IMF's austerity prescriptions," The Wall Street Journal said in an editorial, titled 'Does the IMF have no fresh ideas?' "Pakistan's economic wellbeing matters not only for its 165 million citizens but also because it's a key country in the world-wide war on terror," the editorial said.

The Journal said the IMF declined comment on a Pakistan Finance Ministry spokesman's statement last week that the Fund "wants Pakistan to reduce its government expenditures, maintain a 'flexible' exchange rate and 'increase' its tax-to-GDP ratio".

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