These trade wars are unsettling the capital and commodities markets and affecting the export performance of emerging markets. 2. To effectively tackle domestic structural bottlenecks and enhance our economy’s resilience in line with the evolving global dynamics, Pakistan has made some tough but necessary adjustments in the monetary and exchange rate policies.
These measures have already helped contain domestic demand pressures and led to a progressive improvement in the country’s external account. Supported by a healthy growth in workers’ remittances and external financing from multilateral and bilateral sources, the country’s foreign exchange reserves have now stabilized. 3.