Pakistan Rupee Weakens Beyond 100 to a Record Low in Kerb Market
From the Blog pakistanisforpeace By Khurrum Anis for Bloomberg News [image: Pakistan Rupee] Pakistan's rupee weakened beyond 100 per dollar to a record low in the so-called kerb market amid concern loan repayments to the International Monetary Fund will further erode the nation's foreign-exchange reserves. The State Bank of Pakistan tapped the nation's currency stockpile to pay $145.8 million to the Washington-based lender this week, Syed Wasimuddin, the central bank's Karachi-based spokesman, said in an e-mail today. The payments are putting pressure on the country's reserves, which declined to $8.7 billion last month from $12.5 billion a year earlier, Moody's Investors Service said in a statement on Feb. 7. "People are converting their goods into dollars because they feel the country will not have enough mpakistanblogs.blogspot.comRead Full Post
STYLE NOTES : NY Fashion Week Fall 2013 Designer Finds - Trina Turk, Derek Lam, Custo Barcelona, Jamie Liang and 3.1 Phillip Lim.
From the Blog siddysays So fashion weeks are full of fun finds.... And while one would love to feature each and every one of them, it's a little hard to do. above are a few of my favourite things by Derek Lam, 3.1 Phillip Lam, Custo Barcelona, Trina Turk and Jamie Liang. pakistanblogs.blogspot.comRead Full Post
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