07-25-2008, 02:57 PM
<!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo--><b>Pakistani Rupee depreciates by 20 pc since June 2007</b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>GENEVA : Pakistanâs core problem is that its international financial reserves have tumbled down from $7.7 billion to $6.5 billion since June 2007, while the value of rupee against dollar eroded by 20 percent in the same period.</b>
A senior official of the World Bank in an interview here told this. To a question that Pakistanâs economy was presently facing many problems and whether WBâs talks on a package related to the restoration of Pakistan economy, he underlined the need for implementing the stringent financial and monetary policies for controlling inflation and cutting down the external and internal deficits. <!--QuoteEnd--><!--QuoteEEnd-->
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->