Economics
Pakistan’s Central Bank Ready to Fight Any Market Shocks
- Foreign funds sell local currency bonds in global sell-off
- Current volatility in Pakistan is externally driven: governor
Policemen wearing facemasks check a car at the capital entry checkpoint in Islamabad on March 14.
Photographer: Farooq Naeem/AFP via Getty Images
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Pakistan’s central bank said it’s ready to take action to support financial markets in the face of the coronavirus pandemic, which has led to a sell-off in the country’s bonds.