SIALKOT - Governor State Bank of Pakistan (SBP) Dr Shamshad Akhtar said that the country has successfully come out of the worst economic distress. She said that the national economy growth has jumped to 6.3 percent due to economic policies of the government. She stated this while addressing an important meeting of Sialkot business community held at Sialkot Chamber of Commerce and Industry (SCCI) here after visiting several leading industrial units in Sialkot amid tight security. SCCI President Hassan Ali Bhatti, Vice President Farooq Ahmad Mayer, Chairman Sialkot Dry Port Trust Khawaja Zakaud Din, Chairman Child and Social Development Organisation (CSDO) Muhammad Younas Ratra, former chairman Pakistan Sports Goods Manufacturers and Exporters Association (PSGMEA) Prof Safdar Sandal, member SCCI Executive Committee Ayesha Anwar Butt and Chief Manager State Bank Sialkot Saeed Hassan were also present on the occasion. Governor SBP hinted out that the State Bank of Pakistan (SBP) would further tighten the monetary policy if required. However after examining the financial data of November and December, the SBP would determine further line of action on interest rate. Talking about mark-up rate, she said if the macro economic fundamental improved, then there would be no need to have tighten monetary policy. Dr Shamshad said that monetary tightening was an order of the day and now there would be no monetary easing by SBP in Pakistan at this situation. However, this monetary easing will be linked with the lowering situation of inflation in the country. She said that the SBP would soon evolve an effective policy to ensure the early reduction of cost of production and inflation in country on top priority basis. She said that both government and SBP were taking steps due to which the macro financial stability has been restored in the country. She said that the SBP was meeting the demands of government and private sector, she added. She said that now the banking system was stable in Pakistan. She said that there is 1.8 percent increase in non-performing loans. SBP was ensuring the easy excess of industrial sector to credit and this step was also encouraging the banking industry. She further said SBP was taking steps to strengthen the national economy by ensuring the provision of conducive investment and business friendly atmosphere, as the SBP would evolve a strategy to bring stability in rupee through halting the devaluation of rupee, which was weakened by macro economic imbalances. She said the combination of IMF loan and decline in international oil prices had also helped to strengthen the Pakistani currency. "Effective measures taken by the central bank removed shortcomings in the currency and the situation is now normal", she added. She urged the country's business community to come forward and play its role in pulling out the national economy from the stressful condition. She highly hailed the export culture of Sialkot and said that the business community has written a golden history of self-help by completing this mega project adding that the industrialists and exporters had set a precedent to follow by launching a mega project on self-help basis. SBP Governor said that the government was fully aware of the problems being faced by the business community and government was making efforts for the solution to these problems by taking them confidence.