Pakistan: Rupee witnesses sharp decline due to dwindling foreign reserves

May 17, 2022

Karachi [Pakistan], May 17 : In the wake of the dwindling foreign reserves and the inflows taking more than expected time to support the...

Pakistan's rising debts, decreasing exchange reserves raise concern

Jul 14, 2022

Islamabad [Pakistan], July 14 : Pakistan is in economic turmoil as its foreign debts are rising while foreign exchange reserves are decreasing.

Chinese banks to refinance Pakistan with USD 2.3 billion funding

Jun 02, 2022

Islamabad [Pakistan], June 2 : China on Thursday agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange...

Flight of US dollars from Pakistan to Afghanistan continues unabated

Dec 27, 2022

The flight of US dollars from Pakistan to Afghanistan continues unabated resulting in the erosion of Islamabad's foreign exchange reserves, reported Dawn.

Measures to curb looming economic crisis to be taken: Pak Finance Minister

May 15, 2022

Islamabad [Pakistan], May 15 : In a high-profile meeting on Saturday, the Finance Minister of Pakistan, Miftah Ismail affirmed measures to curb the outflow...

Pakistan's foreign remittances fall in November, exchange rate against US dollar declines

Dec 23, 2021

Islamabad [Pakistan], December 23 : In Pakistan the exchange rate witnessed a persistent decline against the US dollar for the last several months because...