ABU DHABI/WAM The United Arab Emirates expresses concern regarding the statement issued by the Kingdom …
Read More »Pakistan plans to curb central bank’s power to manage currency
Bloomberg Pakistan’s government plans to make the central bank report any planned currency adjustments to a committee, a move seen to curb the regulator’s independence as the nation negotiates an International Monetary Fund bailout. The State Bank of Pakistan has weakened the rupee for the fifth time this year and raised the key interest rate — roiling the stock market. …
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