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Shifting key 4 SBP sections to Lahore a conspiracy of weakening federation: PPP leaders

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Karachi. 3.10.2016: Pakistan People’s Party (PPP) leaders Syed Najmi Alam, Nadeem Bhutto and Lateef Mughal have condemned federal government over shifting of four key sections of State Bank of Pakistan (SBP) to Lahore. They said this step would farther the breech among the provinces and a deep wave of frustration and abhorrence would penetrate among the people of Sindh.

In a statement issued from PPP Media Cell Sindh, they said that it is clear that smaller provinces are being treated as colonies of Punjab.

They said the founder of Pakistan Muhammad Ali Jinnah had laid the foundation of SBP in Karachi by realising the importance of the city as huge potential for the country’s trade and economy. Karachi was at that time a key Sea Port not only for the country but also for the neighbouring and South East Asian countries and all leading financial institutions had their head office in the city as is today.

They said that Jinnah could also prefer Lahore, Quetta or Peshawar for laying the foundation of SBP but he had chosen Karachi because of its dynamic potential for trade and commerce.

They said that PMLN’s government in centre is deliberately conspiring against the federation of Pakistan, which would leave its devastating impacts and such steps should be avoided and reversed.

They said that the SBP spokesperson’s rebuttal in this regard is tantamount to concealing the actual scheme and is creating more doubts.

Government has to stop shifting of four key sections of SBP to Lahore immediately, they demanded.


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