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DawnEN

Forex crowding out

<p>THE State Bank of Pakistan (SBP) has successfully <a href="https://www.dawn.com/news/2042455">rebuilt</a> foreign exchange reserves over the last three years. Much of this success, however, has been purchased by drawing liquidity directly out of the forex market. It attributes its purchases to improved market liquidity and describes their purpose as stren

Nov 12, 11:32 AM

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