Pakistan Currency-Crisis Odds Exceed 50% as Floods Undo Progress

A Pakistani dealer counts US dollars at a currency exchange shop in Karachi, Pakistan, on October 9, 2018. (AFP/File)

October 4: Bloomberg has reported that the odds of Pakistan facing a currency crisis in the next 12 months now exceed 50% following floods that killed thousands of people and displaced millions more, a Bloomberg Economics risk model showed. Read more I