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Pakistan’s currency crisis

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Meekal Aziz Ahmed

Once again, the State Bank, the guardian of our financial system and watch dog over currency dealers, has been caught napping on the job. Asleep and blissfully unaware at the helm, an estimated $10 billion, most certainly much more than that, has left the country through capital flight, right under its nose. If the State Bank could not do anything about it, it should have, at least, known about it. I doubt it did.
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