In November 2023, The State Bank of Pakistan (SBP) and _____ signed MoU to facilitate remittances from Arab countries.

A. IMF
B. AMF
C. World Bank
D. ADB

Answer

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.

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