Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the US Federal Reserve will start easing interest rates in September. Overseas investors made substantial purchases of regional bonds in Indonesia, India, Malaysia, South Korea and Thailand, totalling a net $14.06 billion in August – the largest monthly net purchases … Read more
BEIJING: “Tea is an integral part of our culture, a source of joy, and a staple in our conversations. It’s impossible to separate tea from a Pakistani’s life,” says Sadia Khatri, a writer from Karachi. “For us, any time is tea time.” This sentiment captures the essence of Pakistan’s deep-rooted tea culture, which has propelled … Read more
KARACHI: Pakistan’s debt problems cannot be solved overnight by merely adopting contractionary monetary and fiscal policies to restrain demand and government stimuli. With elevated foreign debt, unfortunately, the country constantly relies on debt rollovers from bilateral countries and commercial banks. Indeed, it does get uneasy for any borrower to constantly seek extensions; let alone paying … Read more