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Showing posts from May 17, 2019

Pakistan Rupee could touch 250 vis-a-vis dollar within a year: Kaiser Bengali

Kaiser Bengali has also described the China Pakistan Economic Corridor (CPEC) as a product of the new "East India company".By Dipanjan Roy Chaudhury, ET Bureau | May 17, 2019, 10.29 PM IST
AgenciesPakistan recently reached an agreement with the IMF over a $6 billion bailout package to help prop up its public finances and a slowing economy.NEW DELHI: A prominent economist in Pakistanhas alleged that the government has “very little say” in shaping of the economy and that the local rupee could touch 250/dollar within a year.At a recent meet in Karachi on the state of the economy, Kaiser Bengali, who has worked with several federal and state governments in Pakistan, said, “We currently have a finance minister and governor of State Bank who have come from abroad. Since 1993, we have had these ‘fly-in, fly-out’ consultants..."ADVERTISEMENT
He accused the Imran Khan government of having minimal say in shaping Pakistan’s economy on the lines of the country's foreign policy an…

China may end up helping Baloch Freedom War

They named it Operation Zer Pahazag, or Defending the Ocean. The 24-hour gun battle they fought with the Pakistani army at the Pearl Continental Hotel in Gwadar, which ended on May 13, was a strike against the abuse of Balochistan and its mineral wealth, the Baloch Liberation Army (BLA) said. The operation “commenced on the information of the presence of large number of Chinese and local investors at the PC hotel and our aim was to target all the… representatives of exploitative projects and destroy the PC hotel which is a symbol of Baloch exploitation”, a BLA press release said.It went on to claim that more than 40 soldiers and four BLA commandos were killed when the siege ended in the restive province’s port city. The figures put out by the army were significantly lower — one soldier, four hotel employees and three BLA men dead. The BLA also said it damaged the Gwadar port with rockets and shot down a spy drone.Beijing is developing a deep-sea port in Gwadar as part of the $60-billi…