State Bank of Pakistan (SBP) has developed a new format/redesigned its website recently that is neither user friendly nor does it provide easy access to historical economic data. The SBP had originally parked the 1.5 billion dollar Saudi gift under the head Pakistan Development Fund, as revealed by Federal Finance Minister Ishaq Dar, in 2014.
The Finance Minister was reportedly designated as the Chairman of the PDF and Waqar Masoood, Secretary Finance, as the Chief Executive Officer. However after perusing the website and then invoking the search engine of SBP to try to locate PDF led to the response ''no results''.
When contacted an SBP official insisted that the redesigned website was very user friendly but did not explain to the reason for parking of historical economic data year wise - in some instances two consecutive years - that require the user of the website to go to a different webpage for comparison with another year. The official maintained that the website was not updated overnight but was done after feedback from friends in the media and other visitors of SBP website. Business Recorder''s feedback, however, was not sought.
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