China’s nominal EER strengthens for 5 months: BIS

Xinhua News Agency | May 18, 2019 at 12:48 PM

China’s nominal effective exchange rate (EER) strengthened for five consecutive months up to April this year, data from the Bank for International Settlement (BIS) showed.

Top Pakistan cabinet member says government can’t rely on IMF loans, allies ‘forever’

Arab News | May 18, 2019 at 11:21 AM

ISLAMABAD: A senior leader in Pakistani Prime Minister Imran Khan’s administration said on Friday the government’s policy of seeking loans from allies and multilateral lending agencies was unsustainable and “cogent” economic reforms were needed instead, less than a week after the government signed a $6 billion bailout package with the International Monetary Fund last week.