Rupee Crisis
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Pakistan Rupee Tumbles To Record As Military To Quell Unrest
Pakistan's rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.
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Pakistan To Cut Expenses Of Ministers, Advisers By 15% In Austerity Drive
Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it 200 billion rupees ($766 million) a year, Prime Minister Shehbaz Sharif said today.
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Pakistan, IMF At Odds Over Rs 900 Billion Fiscal Gap: Report
The International Monetary Fund (IMF) and the Government of Pakistan are at a stalemate over 900 billion rupees fiscal gap, a major stumbling block in striking a staff-level agreement, reported Geo News.
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"On The Brink Of Collapse": Pakistan Oil Industry's SOS Ahead Of IMF Meet
Oil companies in cash-strapped Pakistan have warned that the industry is on the "brink of collapse" as the dollar liquidity crisis persists and their cost of doing business balloons due to the rupee's devaluation.
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IMF Rejects Pakistan's Revised Circular Debt Management Plan: Report
The International Monetary Fund (IMF) review mission has rejected Pakistan's revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees
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Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
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Pakistan Rupee Slumps To Record Low, Crisis-Hit Nation Seeks Bailout
Pakistan's currency has fallen to a record low of Rs. 255 against the US dollar, according to local media reports.
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Rupee Collapses To A Record Low For Third Straight Session, Reflecting A Wider Currency Crisis
The rupee collapsed to a new all-time low on Monday, marking its weakest close for the third straight session, as the dollar charged ahead.
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Rupee Gains As Oil Prices Lowest Since February And Pullback In Dollar
The rupee strengthened sharply at open on Thursday, tracking a pullback in the dollar and oil below $90 per barrel for the first time since the start of the Ukraine crisis in late February.
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Rupee Weakens As Dollar Soars To New Two-Decade High On European Energy Crisis
The rupee started Monday on a weak note as the dollar soared to a new two-decade high.
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Tamil Nadu, Maharashtra Face Action For Unpaid Electricity Bills
India has blocked nearly half the country's provinces from accessing spot power exchanges after they failed to pay bills worth 51 billion rupees ($640 million), as it implements new rules aimed at forcing states to make timely payments.
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Millions Found Inside Former Lanka President's House Produced In Court: Report
Sri Lankan police have produced before a court millions of rupees in cash found by anti-government protesters inside former President Gotabaya Rajapaksa's official residence after he fled the mansion following mass uprising against his government.
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Exclusive: Inside The Secret Bunker At Lanka Presidential Palace
Earlier today, protesters discovered 17.85 million in Sri Lankan rupee (about $50,000) from the palace in crisp new banknotes but turned it over to police, news agency AFP reported.
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$50,000 In Crisp New Notes Found By Protesters At Lankan President's Home
Millions of rupees in cash left behind by Sri Lanka's president when he fled his official residence was handed over to a court Monday after being turned in by protestors, police said as a succession battle got under way.
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Found Millions At President's House, Lankan Protesters Claim: 10 Points
The anti-government protesters in Sri Lanka who broke into embattled President Gotabaya Rajapaksa's official residence have claimed to have recovered millions of rupees inside his mansion, according to a media report on Sunday.
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Pakistan Rupee Tumbles To Record As Military To Quell Unrest
Pakistan's rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.
-
Pakistan To Cut Expenses Of Ministers, Advisers By 15% In Austerity Drive
Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it 200 billion rupees ($766 million) a year, Prime Minister Shehbaz Sharif said today.
-
Pakistan, IMF At Odds Over Rs 900 Billion Fiscal Gap: Report
The International Monetary Fund (IMF) and the Government of Pakistan are at a stalemate over 900 billion rupees fiscal gap, a major stumbling block in striking a staff-level agreement, reported Geo News.
-
"On The Brink Of Collapse": Pakistan Oil Industry's SOS Ahead Of IMF Meet
Oil companies in cash-strapped Pakistan have warned that the industry is on the "brink of collapse" as the dollar liquidity crisis persists and their cost of doing business balloons due to the rupee's devaluation.
-
IMF Rejects Pakistan's Revised Circular Debt Management Plan: Report
The International Monetary Fund (IMF) review mission has rejected Pakistan's revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees
-
Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
-
Pakistan Rupee Slumps To Record Low, Crisis-Hit Nation Seeks Bailout
Pakistan's currency has fallen to a record low of Rs. 255 against the US dollar, according to local media reports.
-
Rupee Collapses To A Record Low For Third Straight Session, Reflecting A Wider Currency Crisis
The rupee collapsed to a new all-time low on Monday, marking its weakest close for the third straight session, as the dollar charged ahead.
-
Rupee Gains As Oil Prices Lowest Since February And Pullback In Dollar
The rupee strengthened sharply at open on Thursday, tracking a pullback in the dollar and oil below $90 per barrel for the first time since the start of the Ukraine crisis in late February.
-
Rupee Weakens As Dollar Soars To New Two-Decade High On European Energy Crisis
The rupee started Monday on a weak note as the dollar soared to a new two-decade high.
-
Tamil Nadu, Maharashtra Face Action For Unpaid Electricity Bills
India has blocked nearly half the country's provinces from accessing spot power exchanges after they failed to pay bills worth 51 billion rupees ($640 million), as it implements new rules aimed at forcing states to make timely payments.
-
Millions Found Inside Former Lanka President's House Produced In Court: Report
Sri Lankan police have produced before a court millions of rupees in cash found by anti-government protesters inside former President Gotabaya Rajapaksa's official residence after he fled the mansion following mass uprising against his government.
-
Exclusive: Inside The Secret Bunker At Lanka Presidential Palace
Earlier today, protesters discovered 17.85 million in Sri Lankan rupee (about $50,000) from the palace in crisp new banknotes but turned it over to police, news agency AFP reported.
-
$50,000 In Crisp New Notes Found By Protesters At Lankan President's Home
Millions of rupees in cash left behind by Sri Lanka's president when he fled his official residence was handed over to a court Monday after being turned in by protestors, police said as a succession battle got under way.
-
Found Millions At President's House, Lankan Protesters Claim: 10 Points
The anti-government protesters in Sri Lanka who broke into embattled President Gotabaya Rajapaksa's official residence have claimed to have recovered millions of rupees inside his mansion, according to a media report on Sunday.
