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
0

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.

Read More I


Anadolu Agency: Pakistani politicians vow to follow Erdogan’s footsteps

Updated 23 June 2018
0

Anadolu Agency: Pakistani politicians vow to follow Erdogan’s footsteps

June 22: Anadolu Agency report by Aamir Latif states that major political parties in Pakistan have promised to introduce the policies of Turkish President Recep Tayyip Erdogan to put the country on the path of progress should they win the forthcoming general elections. Leaders of major political parties like Pakistan Muslim League (Nawaz group) and the five-party religious alliance, Muttehida Majlis-e-Amal (MMA), are vowing at public meetings to make the country an economic power by following in the footsteps of Erdogan if they win the elections slated for July 25.

Read More I