Pakistan, Forex and Musharraf
Guest post by A.H.Kalwar of Pakistion Blog With the current account deficit widening, inflation boiling at over 24% and foreign reserves dieing out at the rate of $1 billion a month. Pakistan’s economic indicators seem to have taken a nose dive. Where did it start and when will it end? The dollar today stands at [...]
[MiniLinks] Bristol-Myers Squibb shutting down Pakistan operations
According to the latest Economist Intelligence Unit report Bristol-Myers Squibb is planning to shut down its subsidiary in Pakistan due to inflationary effects. The news comes just a few months after Merck Sharp & Dohme (MSD), a subsidiary of Merck & Co, shut up shop in Pakistan. The decision is likely to have been driven [...]
