Posted inBangladeshChinaMiddle EastPakistanSouth AsiaSri LankaWorld

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 […]