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    Pakistani rupee continues downward slide, falls 8% on week

    Pakistani rupee continues downward slide, falls 8% on week

    22 Jul 2022

    The Pakistani rupee continued its downward slide for the sixth straight session, falling 0.68% against the dollar on Friday, taking its decline this week to nearly 8% and for the...

    Minister blames 'political turmoil' as Pakistani rupee falls record low against US dollar

    Minister blames 'political turmoil' as Pakistani rupee falls record low against US dollar

    20 Jul 2022

    Tariq Butt / Reuters Pakistan's Finance Minister Miftah Ismail on Wednesday blamed the rupee's slide on political turmoil, saying he expects market jitters over the currency's sharp decline to...

    Fitch revises Pakistan’s outlook to negative

    Fitch revises Pakistan’s outlook to negative

    19 Jul 2022

    Ratings agency Fitch on Tuesday revised its outlook on Pakistan to negative from stable, citing a deterioration in the country’s external liquidity position and financing conditions as well as the...

    Pakistani rupee plunges to all-time low against US dollar

    Pakistani rupee plunges to all-time low against US dollar

    18 Jul 2022

    The Pakistani rupee on Monday plunged to an all-time low of 215 against the US dollar in the interbank trade, according to the Exchange Companies Association of Pakistan (ECAP) as...

    IMF reaches deal with Pakistan to revive $6b bailout

    IMF reaches deal with Pakistan to revive $6b bailout

    14 Jul 2022

    The International Monetary Fund (IMF) said on Thursday it had reached a preliminary agreement with Pakistan to revive a $6 billion bailout package for this impoverished Islamic nation, which...

    Pakistan central bank hikes interest rate 125 bps to 15%

    Pakistan central bank hikes interest rate 125 bps to 15%

    07 Jul 2022

    Pakistan’s main policy rate has been hiked 125 basis points to 15%, the country’s acting central bank governor Murtaza Syed said on Thursday. Syed’s announcement at a virtual press conference...

    Pakistan stock market plunges after PM announces 10% ‘super tax’ on major industries

    Pakistan stock market plunges after PM announces 10% ‘super tax’ on major industries

    24 Jun 2022

    Pakistan’s stock exchange briefly halted trading on Friday after its benchmark index plunged sharply following an announcement by the newly elected Prime Minister Shahbaz Sharif that he was imposing...

    Pakistan, IMF make progress at bailout programme talks

    Pakistan, IMF make progress at bailout programme talks

    22 Jun 2022

    Key progress has been made in talks on the revival of Pakistan’s International Monetary Fund (IMF) bailout programme, both sides said on Wednesday, with Islamabad expecting the lender to increase...

    Pakistani rupee remains unstable, plunges to record low of 210 against US dollar

    Pakistani rupee remains unstable, plunges to record low of 210 against US dollar

    20 Jun 2022

    In line with market expectations, the Pakistani rupee has plunged further and crossed the 210 threshold against the US dollar for the first time in the interbank market on...

    Credit for FATF triumph goes to state, not for any political party, says Pakistani minister

    Credit for FATF triumph goes to state, not for any political party, says Pakistani minister

    19 Jun 2022

    Tariq Butt / NNI News Minister of State for Foreign Affairs Hina Rabbani Khar stated that Islamabad is "one step away” from exiting the grey list of the Financial...

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