Britain for long reigned supreme with its empire where the sun never set and at its peak the island nation ruled over 25% of the world’s population. But that was a very long time ago and today Britain makes basket cases like Pakistan, Bangladesh and Zimbabwe look good. Consider the following fact – in 2019, India will have a larger GDP then the UK. India who was until recently a…

Al-Raya Newspaper: Prominent Headlines of Issue 254

 Al-Raya Newspaper: Prominent Headlines of Issue 252

A central pillar of IMF’s bailout package is the devaluation of the rupee, which is intended to increase exports in return for foreign exchange. As usual, the economic models employed by the IMF seem not to have accounted for a global currency war and this is likely to derail IMF’s effort to plug Pakistan’s eternal account deficit.