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For business information, annual reports, laws, ordinances, regulations and articles. |
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At this stage it is important to explain the fact that
currency in circulation is the outstanding volume of currency issued, less cash holdings
by SBP and scheduled banks, at any given point in time. This implies that individuals and
businesses hold cash balances. Given the scope of the documented economy and Pakistan's
population, it is a stylized fact that individuals on a personal capacity largely hold
these balances.
