Section 9E: Powers and functions of Monetary Policy Committee

9E. Powers and functions of Monetary Policy Committee.— 3[In order to achieve the objectives of the Bank, the Monetary Policy Committee] shall— (a) formulate 3[***] the monetary policy, including, as appropriate, decisions relating to intermediate monetary objectives, key interest rates and the supply of reserves in Pakistan and may make regulations for their implementation ; (b) approve and issue the monetary policy statement and other monetary policy measures ; (c) perform any other functions conferred on it by law; and (d) carry out any ancillary activities incidental to the exercise of its functions under this act.]

Effective date: 1956-04-18

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