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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Source says Maulana Fazl-ur-Rehman met with Islamic Emirate leader

Updated 11 January 2024
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Source says Maulana Fazl-ur-Rehman met with Islamic Emirate leader

January 10: TOLOnews has reported citing a source that Maulana Fazl-ur-Rehman, the leader of Pakistan's Jamiat Ulema-e-Islam party, met with Mawlawi Hibatullah Akhundzada, the leader of the Islamic Emirate, Wednesday morning in Kandahar. Read more I


Mohammad Rizwan named Pakistan T20I vice-captain

Updated 11 January 2024
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Mohammad Rizwan named Pakistan T20I vice-captain

January 10: Cricinfo reported The Pakistan Cricket Board [PCB] has appointed Mohammad Rizwan as the vice-captain of the T20I side ahead of the team's five-match series against New Zealand. The wicket-keeper batter replaces Shadab Khan in the role, who is on the road to recovery following an ankle injury, which ruled him out of the New Zealand tour. Read more I


Imran Khan's The Economist article not AI creation, clarifies PTI

Updated 11 January 2024
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Imran Khan's The Economist article not AI creation, clarifies PTI

January 9: GEO News has reported As the opinion piece of the imprisoned former prime minister well in the debate, the Imran Khan-led party — Pakistan Tehreek-e-Insaf (PTI) — has issued a clarification that the most talked about article published by The Economist was not an artificial intelligence (AI) creation. Read more I


Imprisoned PTI boss ‘arrested’ in more cases

Updated 11 January 2024
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Imprisoned PTI boss ‘arrested’ in more cases

January 9: DAWN has reported Former prime minister Imran Khan was arrested by Ra­w­a­lpindi police in at least a dozen cases pertaining to the May 9 violence, including the attack on the Gene­ral Headqua­rters (GHQ), as an accountability court in Islamabad ind­icted him and former first lady Bus­hra Bibi in the Toshakhana reference on Tuesday. Read more I


Two more cops on polio duty martyred in Bannu

Updated 11 January 2024
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Two more cops on polio duty martyred in Bannu

January 10: The Express Tribune reported At least two policemen deployed for polio duty in the Teri Ram area of Bannu district were martyred while three others injured during a gunfight with unidentified armed men on Tuesday. One of the three attackers was killed, the other was taken into custody in an injured condition while the third one managed to escape. Read more I