KSE-100 fell marginally this week, as investors remained concerned over the status of Pakistan’s IMF program. PKR depreciated further this week to record lows, as SBP reserves fell to less than 1.5 months of import cover.
What Else We’re Reading (Local)
What Else We’re Reading (International)
- Rising numbers of subprime borrowers in the United States are missing loan payments, sparking fears of a 2008-like recession. (WSJ)
- We’ve all watched sports highlights, but what about movies? Japan is cracking down on online pirates uploading 10-minute highlights of movies, which are becoming increasingly popular among young people. (FT)