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October 4, 2013

Learning lessons from Sri Lankan victory over rebel Tamil Tigers

By Sabir Shah

While Pakistan continues to be hit on regular basis by terrorism after 9/11, it needs to gain some inspiration from a much smaller and poorer Sri Lanka, which is literally rising from ashes after having fought with the rebel Tamil Tigers for nearly 27 long years and ultimately defeating the insurgents on May 29, 2009.

Sri Lanka was left with a daunting post-war task to ensure the welfare of nearly 300,000 Internally Displaced Persons (IDPs), who were held as a human shield and a bargaining chip by the rebel Tamil Tigers.Read More »Learning lessons from Sri Lankan victory over rebel Tamil Tigers

Multiple impacts of a falling rupee

By Mohiuddin Aazim

 The falling value of the rupee will have many fiscal and monetary implications, including an increase in the rupee-cost of external debt servicing and a rise in liquidity levels.

And depreciation of the rupee is partially explained by the recent central bank’s buying of $125 million from the interbank market.

It is not unusual for the State Bank of Pakistan (SBP) to buy dollars from banks, either on spot or through swaps. “But this time, the buying is covered under the scope of the IMF’s new lending programme,” says the treasurer of a large local bank. ‘That’s unusual.”Read More »Multiple impacts of a falling rupee