Pakistan Foreign Exchange
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Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
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Pakistani Rupee Falls To All-Time Low Of 287.29 Against US Dollar
Pakistani rupee sank to Rs 287.29 against the US dollar, a record low on Tuesday as Pakistan struggles to unlock critical IMF funding while dwindling foreign exchange reserves become another source of concern for investors, a media report said.
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Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
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Bangladesh Gets $4.7 Billion IMF Loan, Pakistan, Sri Lanka Still Waiting
Bangladesh plans to use the IMF loan to prop up its foreign exchange reserves, which have nosedived from $46 billion to $34 billion.
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Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
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30% Hike In Development Funds For Pak Parliamentarians Amid Crisis: Report
Despite facing severe foreign exchange shortage and being under economic crisis, the government of Pakistan has ordered a massive hike of 30 per cent in development funds to PKR 90 billion for Parliamentarians
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Want To See Pakistan In An Economically Sustainable Position: US
The United States wants to see Pakistan in an economically sustainable position, an official spokesperson said, amid reports that the South Asian country's foreign exchange reserves are fast running out.
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Pakistan's Economy Facing One Of Its Worst Crises: Report
Pakistan's economy is currently facing one of its worst crises as the country's foreign exchange reserves have fallen to a critical level of USD 4.5 billion, warned The Federation of Pakistan Chambers of Commerce & Industry's (FPCCI)
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Pakistan, India Exchange List Of Nuclear Installations And Facilities
Pakistan and India on Sunday exchanged a list of their nuclear installations that cannot be attacked in case of an escalation in hostilities, a Foreign Office statement said.
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Pakistan Ex PM Imran Khan Booked For Receiving Illegal Foreign Funding
According to reports, Pakistan's former ruling party leaders violated the Foreign Exchange Act and were declared as beneficiaries of suspicious bank accounts
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India Doesn't Have Problems Like Pakistan, Sri Lanka: What Raghuram Rajan Said
India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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India Won't Face Crisis Like Lanka, RBI Did A Good Job: Raghuram Rajan
The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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Pak Minister Asks Citizens To Drink Less Tea As Economy Faces Loan Burden: Report
Cash-strapped Pakistan has urged its countrymen to cut down the consumption of tea to help reduce the import bill eating into the country's fast depleting foreign exchange reserves.
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China's $2.3 Billion Refinancing Pakistan Plan Amid Forex Crisis: Report
China on Thursday agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange reserves of the country.
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Pak Government Considers Reducing Working Days To Save Fuel: Report
The cash-strapped Pakistan government is examining the possibility of conserving fuel by reducing the number of working days, a move by which it is hoping to save an estimated $2.7 billion in foreign exchange, a media report said.
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Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
-
Pakistani Rupee Falls To All-Time Low Of 287.29 Against US Dollar
Pakistani rupee sank to Rs 287.29 against the US dollar, a record low on Tuesday as Pakistan struggles to unlock critical IMF funding while dwindling foreign exchange reserves become another source of concern for investors, a media report said.
-
Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
-
Bangladesh Gets $4.7 Billion IMF Loan, Pakistan, Sri Lanka Still Waiting
Bangladesh plans to use the IMF loan to prop up its foreign exchange reserves, which have nosedived from $46 billion to $34 billion.
-
Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
-
30% Hike In Development Funds For Pak Parliamentarians Amid Crisis: Report
Despite facing severe foreign exchange shortage and being under economic crisis, the government of Pakistan has ordered a massive hike of 30 per cent in development funds to PKR 90 billion for Parliamentarians
-
Want To See Pakistan In An Economically Sustainable Position: US
The United States wants to see Pakistan in an economically sustainable position, an official spokesperson said, amid reports that the South Asian country's foreign exchange reserves are fast running out.
-
Pakistan's Economy Facing One Of Its Worst Crises: Report
Pakistan's economy is currently facing one of its worst crises as the country's foreign exchange reserves have fallen to a critical level of USD 4.5 billion, warned The Federation of Pakistan Chambers of Commerce & Industry's (FPCCI)
-
Pakistan, India Exchange List Of Nuclear Installations And Facilities
Pakistan and India on Sunday exchanged a list of their nuclear installations that cannot be attacked in case of an escalation in hostilities, a Foreign Office statement said.
-
Pakistan Ex PM Imran Khan Booked For Receiving Illegal Foreign Funding
According to reports, Pakistan's former ruling party leaders violated the Foreign Exchange Act and were declared as beneficiaries of suspicious bank accounts
-
India Doesn't Have Problems Like Pakistan, Sri Lanka: What Raghuram Rajan Said
India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
-
India Won't Face Crisis Like Lanka, RBI Did A Good Job: Raghuram Rajan
The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
-
Pak Minister Asks Citizens To Drink Less Tea As Economy Faces Loan Burden: Report
Cash-strapped Pakistan has urged its countrymen to cut down the consumption of tea to help reduce the import bill eating into the country's fast depleting foreign exchange reserves.
-
China's $2.3 Billion Refinancing Pakistan Plan Amid Forex Crisis: Report
China on Thursday agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange reserves of the country.
-
Pak Government Considers Reducing Working Days To Save Fuel: Report
The cash-strapped Pakistan government is examining the possibility of conserving fuel by reducing the number of working days, a move by which it is hoping to save an estimated $2.7 billion in foreign exchange, a media report said.
