South Asia Investor Review

Top fashion designers Maheen Khan, Deepak Perwani, Wardha Saleem, Obaid Shaikh, Sanam Chaudhri and others are showing their latest creations at the ongoing Pakistan Fashion Week in Karachi, Pakistan. It's being sponsored by Trade Development Authority of Pakistan. In addition to domestic and foreign media, there are also several international buyers from overseas chain stores attending the show. Here are a few pictures from the fashion show: Photos Couresy of Tapu Jhaveri, others. Here's a Pakistan Pictorial:   Find more photos like this on PakAlumni Worldwide: The Global Social Network Related Links: Haq's Musings Pakistan Fashion Shows Pakistani Village Girl Launches VC-Funded Fashion Startup in San Francisco  Pakistan's Top Fashion Models Pakistani Cover Girls Life Goes On in Pakistan Pakistan Fashion Week 2013 Karachi Fashion Week 2013 Veena ...

There are mounting global concerns about sharp decline in the value of US dollar against the euro and other major world currencies. Not only has it fueled inflation with higher prices of basic commodities such as food grains, oil and metals but it has also diminished the value of the reserves held in dollars by the vast majority of central banks around the world. These issues are giving to rise to a discussion of how long can the US dollar remain as the currency of choice for central bankers. To understand this discussion, let's look at the history of reserve currencies in the past and the current situation with global trade. When the 20th century began, the U.S. was already the world's biggest economy, but the British pound still accounted for nearly two-thirds of official foreign-exchange reserves held by the world's central banks. The dollar didn't become the dominant currency until after World War II. Even then, some commodities still traded in pounds: The London su...