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Iran and then Iraq lie to the west of Afghanistan. Tajikistan, Turkmenistan and Uzbekistan are to the north. But the immediate focus for financial markets and investors is Pakistan to the east. Pakistan has a large public debt, a sizeable equity market and is dependent on a $6-billion IMF programme. The prospect of years of violence and waves of refugees will add pressure to its fiscal repair plans. ....
GIFT City, Indias obstacle-free gateway to the world of exotic and complex global finance, has gained sufficient traction in the past two years to achieve what was considered improbable a decade ago, with tweaks to existing rules helping the facility rival global hubs and draw ....