New Delhi, May 15 (IANS) Pakistan is set to face renewed macroeconomic pressure as global debt has climbed to unprecedented levels, underscoring widening vulnerabilities across emerging economies already grappling with tight external financing conditions and volatile commodity markets, a report has said.The report published in Business Recorder highlighted that the latest assessment of global financial conditions shows that overall debt has surged to record highs, driven largely by sustained bor…
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Seoul, April 20 (IANS) Outgoing Bank of Korea (BOK) Governor Rhee Chang-yong said on Monday that achieving economic stability and growth through monetary and fiscal policy alone has become increasingly difficult, calling for a broader role for the central bank in addressing long-term structural challenges.Rhee made the remarks during his farewell ceremony in Seoul, as he completed his four-year term. His successor, Governor-designate Shin Hyun-song, is set to begin his term Tuesday as his nomina…