Zafar Masud

There has been a recent debate in the newspapers that the accumulation of FX Reserves over the last three years have been achieved through external borrowings. This is a classic example of viewing a glass of water as "half full or half empty". One needs to appreciate that money is fungible and the conclusive argument can't be made for a rational mind that the money raised can merely be used for … [Read more...] about FX reserves accumulation: glass half full