Pakistan is currently facing an acute shortage of foreign exchange reserves and historically Pakistan's foreign exchange reserves have remained highly volatile. What are major factors that affect foreign exchange reserve flows to a country like Pakistan?

Define · 20 marks · 30 min

About 1200 words. The examiner marks against these:

• ☐ Pakistan link
• ☐ Causes
• ☐ Impact

Debate: Is Pakistan's chronic balance of payments deficit structural or a result of policy?