Posted inBangladesh, China, Middle East, Pakistan, South Asia, Sri Lanka, World

Pakistan’s third currency devaluation not the charm

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 […]