Which bank has warned that Pakistan is now at a high risk of currency crisis?
Correct answer: B. Nomura Holdings
- A. World Bank
- B. Nomura Holdings
- C. State Bank of Pakistan
- D. None
Explanation
Nomura Holdings, a Japanese financial-services group, warned that Pakistan faced a high risk of a currency crisis. The World Bank and State Bank are institutions, but this particular warning was attributed to Nomura.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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