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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The Washington Post: Gunmen kill 4 pro-government militiamen in Pakistan

Updated 24 September 2018
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The Washington Post: Gunmen kill 4 pro-government militiamen in Pakistan

September 23 – The Washington Post states that a Pakistani official says gunmen have attacked the base camp of a pro-government militia, killing four of its members. Assistant Administrator Ali Mohammad says the attack occurred early Sunday in the Dasht-e-Goran area of Baluchistan. The southwestern province is home to a low-level separatist movement and Islamic extremist groups.

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