BOK forges cooperative ties with Pakistan bank on policy

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BOK forges cooperative ties with Pakistan bank on policy

The central bank said yesterday it has clinched a preliminary deal with its Pakistan counterpart in a bid to strengthen cooperation and share knowledge on monetary policy management.

The Bank of Korea (BOK) said in a statement that the contract calls for it and the State Bank of Pakistan to share experiences in managing the monetary policy and the foreign reserves and to expand exchanges of personnel. They also plan to beef up technical assistance and increase cooperation, the statement showed.

“The move will help beef up cooperation between the two countries in terms of the financial sector as well as trade,” the BOK said.

Yonhap

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