That's funny right there!
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| India-Pakistan |
| Pakistan almost out of foreign exchange funds. |
| 2018-07-20 |
| [AsiaTimes] Pakistan curbs imports amid a foreign exchange crisis. The economy faces a potential collapse as foreign currency reserves fall below $9.5 billion. The State Bank of Pakistan (SBP) has moved to curb the country’s bulging import bill to ease pressure on its dwindling foreign exchange reserves. Reserves have tumbled to US$9.5 billion, less than enough to pay for one month’s worth of imports, representing a major crisis for South Asia’s second largest economy. Faced with a current account deficit of US$16 billion, the SBP on Monday slapped a 100% cash margin on 131 “non-essential” items to arrest the deterioration in the reserves position. The move will discourage imports as many will find it difficult with liquidity constraints to make the 100% advance payments needed for opening a letter of credit. |
| Posted by:3dc |
| #3 Eunuchs...cut in pay... That's funny right there! |
| Posted by: Larry 2018-07-20 12:18 |
| #2 The Taliban may have to take a cut in pay |
| Posted by: Frank G 2018-07-20 10:40 |
| #1 And they're killing EUNUCHS! |
| Posted by: Skidmark 2018-07-20 08:05 |