A central pillar of IMF’s bailout package is the devaluation of the rupee, which is intended to increase exports in return for foreign exchange. As usual, the economic models employed by the IMF seem not to have accounted for a global currency war and this is likely to derail IMF’s effort to plug Pakistan’s eternal account deficit.

Al-Raya Newspaper: Prominent Headlines of Issue 250

Al-Raya Newspaper: Prominent Headlines of Issue 249

During the first Bonn Conference in 2001, where four major Afghan parties were invited to shape the political future of Afghanistan, two main political fronts, i.e. the Hizb e Islami of Afghanistan and the Taliban Movement, were secluded from the event by the US.