Section 39: Accountability

2[39. Accountability.⸺(1) The Governor shall submit annual report before the Majlis-e- Shoora (Parliament) regarding the achievement of the Bank’s objectives, conduct of monetary policy, state of the economy and the financial system. ln addition, the Majlis-e-Shoora (Parliament) may require any senior official, including the Governor where appropriate, to attend at such additional times as may be required. (2) The Bank shall, not less than twice a year, publish and submit to the Majlis-e-Shoora (Parliament) and the Minister for Finance a state of the economy report with reference to price development, money supply, credit, balance-of-payments and economic growth. (3) The bank shall, at minimum annual basis, publish a report on financial stability that provides the overall assessment of the financial system.]

Effective date: 1956-04-18

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