SBP to take steps to inject Rs270
bn in banking system: Dr. Shamshad
KARACHI: The State Bank of Pakistan Friday announced
measures that would pump Rs260 to 270 billion in the banking
system.
Governor SBP Dr. Shamshad Akhtar announced this here at an
emergency press conference.
She said the Cash Reserve Requirement (CRR) is being reduced
200 basis points which as a result will inject Rs60 billion
liquidity in the banking system and the step will be effective
from tomorrow. The CRR will be brought down from 9 percent
to 5 percent by November 15, she added.
Editorial : Jail riots There has been a sudden
rise in incidents of jail riots, the latest
of which is the uprising of prisoners in
Malir District Jail, in which four inmates
were killed and around dozen were injured.
Similar riots also erupted in Karachi Central
Jail, and Hyderabad and Mirpurkhas jails.
Why has there been such a sudden uproar
by prisoners who are prepared to die in
their mutiny attempt?…the answer lies
in the standard of life that the prisoners
are forced to endure in our jails. Open
drains, stinking environment, congestion
and a range of illnesses – all these
are common features of jails in our country.
According to the Human Rights Commission
of Pakistan (HRCP), complaints are regularly
received regarding inadequate food, poor
sanitation and lack of medical care in overcrowded
jails. Prisoners throughout the country
have time and again staged protests against
inhumane conditions in prisons and the provision
of unhygienic food. Jail administrations
have been known to force prisoners into
paying them money for provision of basic
facilities, failing to which results in
being subjected to brutal torture. In this
atmosphere where corruption and bribery
thrives, corrupt police officials also provide
‘more’ than just basic facilities
to prisoners with more influence after having
their palms greased. A poor prisoner, who
cannot satisfy the greed of such dirty cops,
usually spends a life in jail that is even
worse than an animal’s. Prime Minister
Yousuf Raza Gilani, who himself has suffered
the ordeal of a Pakistani jail for four
years, understands the problems inmates
face and has expressed his commitment towards
resolving this issue. From his own experience,
he has termed overcrowding in jails as one
of the major issues as it leads to problems
such as drug addiction, miserable food,
non-availability of space and spreading
of various illnesses like skin diseases,
hepatitis and tuberculosis. The prime minister
has rightly identified the root problem,
as Pakistani jails are so overcrowded that
thousands are squeezed into a jail that
is meant for a few hundred. Another grave
issue of Pakistani jails is that of sexual
harassment, the victims of which are usually
juvenile offenders and women. The government
would have to take some worthwhile steps
to resolve this issue, as a jail is supposed
to serve as a place to reform and rehabilitate
lawbreakers and not to turn their life into
hell, leaving them bitter and more anti-social
than before.
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