20SharesThere is not a single day when we are not reminded that the investors have lost confidence and Pakistan’s economy is in a serious crisis as a result of economic instability courtesy devaluation, increase in utilities’ prices and higher cost of doing business. And a latest story published by The Express Tribune is another proof. […]
8SharesSenior economists at the International Monetary Fund (IMF) have warned countries against relying too heavily on monetary policy easing, and argued that currencies are “neither the hammer nor the nail” in efforts to reinvigorate economies, reported CNBC. This warning comes as Pakistan is among those who opted for devaluation, resulting in a crisis with multidimensional […]
Although State Bank Governor Reza Baqir yesterday (Thursday) said economy was moving in right direction, the effects of devaluation, inflation, rising prices of utilities, stock market slump and higher cost of doing business are visible to everyone in Pakistan, showing that everything is going south. And the latest report by Faseeh Mangi for Bloomberg is […]