No decision as yet on treasury single account: SBP

KARACHI: State Bank of Pakistan (SBP) here Wednesday said some news are circulating on social media regarding government plans to introduce Treasury Single Account (TSA).

While the proposal to introduce TSA is being examined by the Government of Pakistan in consultation with SBP as part of its agenda to reform public financial management, however, no decision has yet been made to implement the TSA.

Any decision in this regard will be taken after due consultation with all the stakeholders and assessing its impact on the banking industry. It will, therefore, be premature to form any opinion about the proposed policy decision and thus the market players should avoid engaging in any speculative activities based on this proposal which is still under examination, SBP release concludes.