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Pakistan’s year-on-year inflation hit a record 37.97 per cent in May, official data revealed on Thursday, with the nation on the brink of economic collapse and crucial bailout talks stalled....
Gulf Today Report The Pakistani rupee slumped to a record low of Rs298 against the US dollar amid political tumult in the wake of clashes that broke out in...
Pakistanis living abroad have sent $2.5 billion home in March, responding to the cash-strapped government’s appeal for more hard currency remittances, the country’s central bank said on Monday. The sum...
The Pakistani rupee has gained a significant recovery after hitting a record low against the US dollar, the central back said. The rupee got the much-awaited support and hit...
Pakistan’s central bank raised its key interest rate by 300 basis points on Thursday, exceeding investor expectations, as the country attempts to encourage the International Monetary Fund to release critical...
The Pakistani rupee dived to an historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a vital bailout from the...
The Pakistani rupee weakened by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, saying it caused “artificial” distortions for an economy in desperate need of...
Pakistan’s rupee on Friday rose by 0.24%, or 57 paisa, to close at 239.37 after a two-week losing streak against the US dollar, central bank data showed on Friday. During...
Pakistan’s $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that “unwarranted” market concerns about its financial position will...
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...
