C. World Bank
Correct Answer: B. AMF
Detail About MCQs
The State Bank of Pakistan (SBP) and the Arab Monetary Fund (AMF) on 3 November 2023 signed a memorandum of understanding (MoU) to facilitate remittances from Arab countries with official channels.
The government and the SBP have been trying to stop remittances through illegal channels, which not only destabilises the exchange rate but also reduces inflows. Bankers and currency experts believe that the MoU with the AMF would help Pakistan bring most of the inflows through the banking channels.