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Approaching IMF no more preference?

Approaching IMF no more preference

One completely fails to understand the reasons behind Government of Pakistan’s reluctance in approaching the lender of last resort International Monetary Fund (IMF). It goes without saying that borrowing from any source, other than IMF, is highly expensive. However, it …

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The impact of free fall of rupee

The impact of free fall of rupee

The Pakistani rupee continues to weaken against the US dollar after the central bank withdrew its support earlier this month. The local currency has plunged to record low against the dollar as it is presently being traded at Rs107-110 for …

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