State Bank Mulling Opening LCs As Reserves Expected To Improve
Sources report that the State Bank of Pakistan (SBP) will gradually start to release LCs payments, as the government is ...
Monday, March 20, 2023
Tag: dollar
Government Resorts To Firefighting Measures For Resumption Of IMF Program
Uncertainty prevails over the resumption of Pakistan’s IMF program as the Fund has pushed for strict prior actions before the ...
Rupee Continues Gains Due To Improved Dollar Inflows, Optimism On IMF Deal
The Pakistani Rupee continued an upward trend for the fourth straight trading session, amid improved dollar inflows and optimism on ...
Dollar Smuggling From Pakistan Sustains Taliban Economy: Bloomberg
Millions of dollars are being smuggled into Afghanistan from Pakistan every day, providing support for the isolated economy, according to ...
Dollar Shortage Due To ‘Hoarding’ Not Currency Smuggling, Pakistan Customs Says
Pakistan Customs is "not responsible" for curbing smuggling at international borders and "its role is limited to the cities only", ...
IMF Best Insurance Against Default: Miftah Ismail Exclusive With TFT
Miftah Ismail is one of the key figures of Pakistan Muslim League-Nawaz (PML-N), a leading politician and an economic wizard ...
Multiple Economic Crises In Pakistan Will Lead To A Revolt
"It was the best of times, it was the worst of times, it was the age of wisdom, it was ...
Pakistan To Start Importing Russian Crude Oil In March
Pakistan's imports of Russian crude oil are expected to start in late March. Russian energy minister Nikolay Shulginov said that ...
Crumbling Rupee Adds To Pakistan’s Economic Woes
As the Pak Rupee continues to depreciate faster than expected, fears mount over the country’s worsening economic health. Widespread concerns ...
‘Fix’ Dollar Rate At Rs. 240, Exchange Companies Advise Govt
The Exchange Companies Association of Pakistan (ECAP) has advised the government to "fix" the dollar rate in order to reduce ...
Thousands Of Containers Stuck At Karachi Port Due To Dollar Shortage, Bank Hesitancy
Thousands of containers packed with essential food items, raw materials, and medical equipment continue to pile up at Karachi's Port ...
Pakistan Food Crisis: After Wheat And Poultry, Market Rates Of Pulses Skyrocket
Just as prices of wheat flour are expected to ease, following scenes of chaos at wheat distribution centers, another fundamental ...
Intense Efforts Underway To Avert Economic Crisis
Prime minister Shehbaz Sharif spoke to Chinese State Council Premier Li Keqiang on Thursday, after his telephonic conversation with International ...
High Inflation, Low Growth, Depleting Reserves Key Challenges For Pakistan’s Economy In 2023
With the fiscal deficit widening by more than 115% in the first four months (July-October) of the current fiscal year, ...
Pak Rupee Remains Under Pressure, Continues Losing Value Against US Dollar
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and continued to post losses during intraday trade on ...
Pak Rupee Kept Tumbling Against US Dollar Throughout The Week
The Pakistani rupee remained under pressure in the interbank market for the fourth consecutive day as the country's dwindling foreign ...
As The US-Rupee Relationship Deteriorates, Pakistani Students Suffer The Most
The State Bank of Pakistan (SBP) has resorted to extreme measures to limit US dollars leaving the country. This month, ...
Rupee Continues Onward March, Gains Rs3 Against Dollar
The Pakistani Rupee on Friday continued its winning streak against the US Dollar with the former appreciating by Rs3.39 against ...
Rupee Gains Rs3, Continues On Upward Trajectory Against Dollar
The Pakistani Rupee, which has been steadily recovering against the greenback, gained another Rs3 on Thursday. The PKR closed at ...
Rupee Registers Highest Ever Single-Day Gain Against Greenback
The Pakistani rupee rose by Rs9.59 against US dollar in the interbank market on Wednesday – its highest single-day gain ...
Rupee Hits Historic Low Of Rs222 Against Dollar
The Pakistani rupee has fallen to an all-time low against the US dollar, closing at Rs222 in the interbank market. ...
The Rupee And The Dollar: An Introduction
The markets in which the dollar is traded work like any other markets of goods and services. The determination of ...
Watching A New Beginning In Old Pakistan
The environment of political drama, chaos and uncertainty is eerily familiar. In the ensuing days, we will see tens of ...
THE TRUTH WILL OUT
Shaukat Siddiqui At 100: The Fire-Breathing Musician
Shaukat Siddiqui was a great novelist. He was...
Pakistan-IMF Deal: Concerns Of A Potential Default Resurface
Pakistan is struggling to avoid a default. The...