Author Archive
Pakistan, Forex and Musharraf
Guest post by A.H.Kalwar of Pakistion Blog
With the current account deficit widening, inflation boiling at over 24% and foreign reserves dieing out at the rate of $1 billion a month. Pakistan’s economic indicators seem to have taken a nose dive. Where did it start and when will it end?
The dollar today stands at over Rs.80 [...]
The IMF Trap
Guest post by A.H.Kalwar of Pakistion Blog
Russia is the largest borrower from the International Monetary Fund (IMF). The initial objective and promises by IMF were to quickly bail Russia out of an economic crises, and throw it back on track. Today Russia’s debts to the IMF are so big that the only way to ensure [...]
