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    Exchange Rate And Inflation In Pakistan Essay

  • Exchange rate movements amplify inflation: WB report

    ISLAMABAD: Upward acceleration of global inflation from record low levels may impair efforts to sustain the low inflation environment achieved over the past several decades in these economies, says the World Bank in its ground-breaking report on inflation in the emerging and developing economies...

    The adverse effects of high inflation can fall disproportionately on the poor, who hold most of their assets in cash and rely heavily on...

  • Pakistan's exchange rate facing risks, UN body warns

    ISLAMABAD: The government’s policy of keeping the exchange rate stable by intervening in the foreign exchange market may become unsustainable if the US dollar appreciates against most major currencies in global markets, warns a new United Nations report...

    The stable exchange rate may be encouraging for some investors and traders, but the report warns that it is draining precious foreign exchange reserves...

  • ESSAY: MARX, MATRICIDE AND MIND CONTROL

    The 1950s and early 1960s saw the rise of the Cold War between the USSR and the USA...

    During this period, aggressive military action by the Soviet Union in Europe, coupled with several high-profile cases of espionage in America itself, led to a deep and fearful anti-communist sentiment throughout the US...

  • ESSAY: The seer and the satirist

    By Raza NaeemKRISHAN Chander wrote perhaps more prolifically than any of his contemporaries, and his creative evolution can be seen in varied themes he incorporated in his work, such as the Partition of India, Lahore’s changing environment, political opportunism in the Indian subcontinent, the shenanigans of bureaucracy, Kashmir, and the continuing fixation and fascination of our middle-classes with the United States’ continuing imperial...

  • PHOTO ESSAY: All work and no play

    We are often defined by our work; indeed the work we chose to do is often an extension of our personalities and our roots, but often it’s merely an accident of chance and circumstance...

    Regardless, society often associates us with our work and it can often find its way even into our names — the Paanwalas, the Botalwalas, the Daruwalas, and the Gheewalas are a testament to that...

  • ESSAY: Between memory and reality

    Mujtaba had been in New York for a few months since fleeing Pakistan...

    The hot summer day in New York and the sights and sounds of the procession struck a familiar chord, and Mujtaba paused by the side of the road to gaze: the riotous shades of marigolds and crimson, the chanting of bhajans and the beat of the dhol were similar to the music that echoed through the lanes of Sehwan Sharif, where devotees moved in a trance-like state...

  • ESSAY: Stop and Yield

    We find it difficult to agree with others and seldom entertain the thought, “Can I be wrong?” It’s time for us to look within...

    Take the following into account as well: pedestrians, even at a zebra-crossing, fear getting knocked over; senior citizens get honked at for being too slow to cross the road; and rickshaws and motorcycles are viewed by owners of expensive cars as an impediment to smooth driving...

  • ESSAY: Biography and Autobiography: The Discordant Twins

    Thomas Carlyle popularised the theory that the history of the world was but the biography of great men and that it was their genius and skill that won great men power...

    Many disagreed, including Herbert Spencer, who argued that great men were the products of their societies and social conditions...

  • BoE governor sees Brexit pushing up inflation, rate rise likely

    WASHINGTON: Bank of England Governor Mark Carney said Brexit was likely to push up Britain’s inflation rate and he reiterated the central bank’s new view that interest rates are likely to rise in the coming months...

    But Brexit represented the opposite for Britain, at least in the short term, as less openness to foreign markets and workers was likely to push up inflation and reduce productivity, he said...

  • US Fed keeps key interest rate unchanged amid low inflation

    WASHINGTON: The Federal Reserve is keeping its benchmark interest rate unchanged at a time of low inflation, which remains persistently below the Fed’s target level...

    The Fed noted on Wednesday in a statement that inflation has stayed undesirably low even though the job market keeps strengthening, with the unemployment rate just 4...

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