IMF Must Reinforce Forex Monitoring
The US Treasury Secretary Timothy Geithner advised the International Monetary Fund to strengthen its surveillance of exchange rates policies and accumulation reserves to issue timely warnings to countries undervaluing their currency or accumulating massive surpluses while addressing IMF annual meeting on Saturday. Earlier this week on Thursday IMF Chief Dominique Strauss-Kahn said that IMF should [...]
India’s Forex Reserve Rose to $294.16bn
India’s foreign exchange reserves climbed to $294.158 billion for the week ended Oct 1 increasing by $2.563 billion on account of revaluation of Indian rupee versus US dollar, Bank of India announced in its latest report on Friday. The Indian rupee rise against US dollar has continued for last three weeks enhancing Indian foreign reserves [...]
Pakistan’s Foreign Exchange Reserve Hits $16.9 Billion
Pakistan’s foreign exchange reserve climbs to record $16.99 billion in the week ending on October 1st, up from $16.79 billion held previous week, the State Bank of Pakistan announced on Thursday. State Bank spokesman Wasimuddin told the media, “the rise is due to the continuously rising inflow of remittances, as well as the inflow of [...]
Geithner: Currency Devaluation Not A Viable Strategy
On Wednesday, US Treasury Secretary Timothy Geithner warned emerging economies of the dangers of currency manipulation and its adverse effect on global economy in an indirect reference to the emerging “currency war”. He strongly advised emerging economies to progress toward more flexible and market based currency exchange system. Geithner address at the Brookings Institution, ahead [...]
Pakistan Rupee Continues to Slide
The rupee climbs up one paisa against dollar on Monday after hitting its lowest during the weekend. Dealers said that 1-dollar was bought for 86.20 rupee and sold for 86.24 rupee. State Bank of Pakistan announced in its weekly statement that foreign exchange reserves rose to a record 16.7 billion dollars in the week ending [...]
Making millions online from Pakistan not so difficult!
Following article appeared in The News on July 18th, 2010 http://www.thenews.com.pk/daily_detail.asp?id=251448 When I talk to my nieces and nephews, Pakistan’s millennial generation, I feel rejuvenated and perplexed, at the same time. I get excited because these young children are so creative and worldly. The minute I log into Skype, Gmail, or Facbook, my young buddies [...]
Ibrahim Sajid Malick is a Pakistani-American writer, technologist, and social entrepreneur. He has been writing on Pakistani society and politics since 1986. He has held several media, communications, and technology positions for organizations large and small. Mr. Malick graduated from New School for Social Research with a master’s degree in anthropology. He holds several technology and management certifications. He works for a leading technology firm and blogs at www.ibrahimsajidmalick.com