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On unstable ground
PAKISTAN’S economic managers repeatedly tout improvements in macroeconomic indicators, including rising foreign exchange reserves, a stable currency, contained inflation and the current account surplus achieved last year. But a closer look at both numbers and public sentiment reveals a more complicated reality. State Bank Governor Jameel Ahmad’s disclosure that the central bank purchased $24bn from the market over the past three years to build foreign exchange reserves offers an important ins...
6 Mar, 04:08 — 6 Mar, 04:08
