The slow down and the correction has finally hit the trade numbers. The bad news is that compared to the previous month, December exports fell by about 14% in dollar terms. The good news is that imports fell by 22% and the balance of trade is now down to only 800 million US dollars. Foreign…
Tag: Exchange rate
The state of the Pakistani Economy – part ii
(This post follows on the comments made in my previous post “The rise and fall of the Pakistani Rupee“) Entrepreneurs are the most irrational of all creatures. We see hope and optimism, when the rest of the world sees doom and gloom. While our internal outlook at times may turn to despair (we never have…