Speech by Governor, State Bank of Pakistan, 1 Aug

- Central Banking staff
- 18 Sep 2002

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SPEECH - In the speech titled 'Why does Pakistan have to accumulate foreign reserves?' Husain said "the stability in the exchange rate, the reversal of flight capital, the arrest in dollarisation of the economy, low inflation, the reduction in interest rate and lowering of debt ratios have been made possible by pursuing a strategy of debt reduction."

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Reproduced form Daily Dawn, Karachi: 1, 2 and 3 August 2002 by

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