Asia Times: Pakistan’s third currency devaluation not the charm

A currency dealer counts Pakistani rupees and U.S. dollars at his shop in Karachi October 8, 2008. (REUTERS)
Updated 13 June 2018
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Asia Times: Pakistan’s third currency devaluation not the charm

June 13: Asia Times report by Gary Kleiman states that Pakistan stocks and bonds tried to shake off the third rupee devaluation since December as it touched 120/dollar for a 15% drop over the period. Foreign reserves are down to $10 billion or two months’ imports on a 5% of gross domestic product current account deficit, swelled by equipment imports under China’s Economic Corridor energy and infrastructure projects and sliding remittances.

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Asharq Al-Awsat: Custodian of the Two Holy Mosques Receives Pakistan's President

Updated 13 December 2018
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Asharq Al-Awsat: Custodian of the Two Holy Mosques Receives Pakistan's President

December 12 – Asharq Al-Awsat states that the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace President Dr. Arif-ur-Rehman Alvi of the Islamic Republic of Pakistan. President Alvi arrived in Riyadh Wednesday and was received at King Khalid Airport, by Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, and number of officials.

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