Article Type

Article

Description

In year 2001-2002 the biggest achievement of Pakistan was to secure its external sector. The debt indicators are improving. Foreign exchange reserves have gone up to cover more than seven months import bill from a situation where the country had three weeks requirement. Exchange rate has not only remained stable but has appreciated by 7 to 8 per cent during last one year. The confidence in exchange rate has allowed the country to absorb the various external shocks.

Publication Source

Pakistan & Gulf Economist

Publication Date

8-5-2002

Pages

12-14

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