Evidence-based monetary policy imperative for socio-economic justice: experts.

ISLAMABAD -- Experts on Wednesday suggested an evidence-based monetary policy to cope with the prevailing grave situation of inflation and ensure the provision of social justice in the country.

They made the remarks while discussing the economic situation of Pakistan during a consultative meeting titled 'Evidence-based Advocacy on Policies for Economic Justice and Development' organized by Sustainable Development Policy Institute (SDPI) and Friedrich Ebert Stiftung (FES).

Speaking on the occasion, the head of Friedrich Ebert Stiftung (Asia and Pacific) Mirco Gnther said think tanks could play a vital role in the formulation of an evidence-based monetary policy that may support governments in the provision of social and economic justice.

He warned that Pakistan had been confronted with inflation for a long time, which may led to higher inequalities. Therefore, aligning price stability was imperative to thrive socio-economic justice in the society.

Executive Director, SDPI Dr Abid Q. Suleri called upon the government to come up with evidence-based policy solutions to provide economic relief to public while at the same time satisfy the International Monetary Fund (IMF).

Joint Executive Director, SDPI Dr Vaqar Ahmad, said unpacking various forms of inequalities was a common global challenge, which would be worsen amidst global stagflation, energy crisis and conflicts.

He stressed the need for increasing public...