The Af-Pak dollar cartel
Advertisement On Wednesday, the Exchange Companies Association of Pakistan (ECAP) remote the US dollar exchange rate cap. This led the Pakistani rupee to drop 1.2 percent, at 243 against the…
Lights go out in Pakistan as energy saving measure fails
Traders and workers wait for electricity in a market following a nationwide power outage, in Lahore, Pakistan, Monday, January 23, 2023. Credit: AP Photo/KM Chaudary Advertisement Much of Pakistan was…
Pakistan orders early closure of shops and hotels amid economic crisis
The pulse | Economy | South Asia Aimed at reducing energy consumption to reduce oil imports, the move could negatively affect companies that have not yet recovered from the pandemic.…
Is Pakistan the next Sri Lanka?
Commercial Hambantota, in southern Sri Lanka, was home to ousted President Gotabaya Rajapaksa after the recent crisis, until he was forced to flee the country entirely. That continues a trend…