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Pakistan's economic paradox
Capitalist in design. Patronage in politics. Selective in morality. This is the paradox at the heart of Pakistan's economy. At the macro level, Pakistan speaks the language of markets. The State Bank targets inflation. Interest rates anchor financial flows. Exchange rates respond to global pressures. Policy documents emphasise fiscal discipline, investor confidence and private-sector growth. Our economic vocabulary mirrors that of other emerging market economies integrated into global finance. [....]