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Monetary policy

foreign exchange

MARKET-BASED EXCHANGE RATE SYSTEM;STATE BANK’S FOREIGN RESERVES HAVE RISEN TO 12.9 BN

EXCHANGE RATE SYSTEM Pakistan's exchange rate is a "market-based exchange rate system" that follows supply and demand, but State Bank can not leave it entirely to the market, Raza Baqir said in his first press conference as State Bank of Pakistan (SBP) governor. 'So, if there is volatility, then the State Bank intervenes. You need to keep a close eye on the market. That is our regime, and we want to go...

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