_____ in Pakistan is responsible for the formulation of monetary policy.

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_____ in Pakistan is responsible for the formulation of monetary policy. Answer: State Bank of Pakistan

The State Bank of Pakistan (SBP) is responsible for formulating monetary policy in Pakistan. Its Monetary Policy Committee (MPC) meets regularly to assess the economy and decide on the monetary policy stance. The Monetary Policy Department (MPD) provides the necessary analytical support and prepares the statements for the committee's review.

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