The BoP crisis
From the Blog lahoreschoolofeconomics Dr Moazam Mahmood I argued two weeks back, addressing the incoming Prime Minister, because I thought it was a matter of pith and urgency that Pakistan's BOP crisis was structural and could not be solved through a price fix of devaluation as past advice and economic management had committed us to. And will no doubt attempt to again. The pithy problem lies in understanding that there is an impossibility between two macro policies, the one relying on depreciation of the exchange rate to fix the BoP crisis, and the second maintaining open unregulated capital accounts allowing free flow of capital in and out of the country. They work against each other. The urgency lies in estimates we have made of capital outflows at the Lahore School of Economics, which are exceedingly high, apakistanblogs.blogspot.comRead Full Post
I want to be a supermodel
From the Blog pakistanimodelsFrom the blog Pakistani Hot Girl : I want to be a supermodel, (part of the PakistaniModels.blogspot.com Network) To see pictures, click the headline above.pakistanblogs.blogspot.comRead Full Post
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