S&P Global Ratings downgrades Pakistan’s credit score
Fitch and Moody’s have already ranked Pakistan’s bonds below investment grade. S&P Global Ratings has downgraded Pakistan’s credit score due…
Dollar
Pakistan’s remittances drop 14% to $2.1bn in November
Receipts contract by 4.8% in Nov compared to Oct 2022. Pakistan’s remittances drop 14% to $2.1bn in November. Remittances sent…
Gold reaches historic high of Rs169,650 per tola
Silver price surpass key level of Rs1,900 per tola. Gold reaches historic high of Rs169,650 per tola. Gold price in…
Gold & silver peak to fresh all-time high in Pakistan
Gold price settles at an all-time high of Rs164,150 per tola. Gold & silver peak to fresh all-time high in…
SBP’s reserves fall by $134m to $7.8bn
SBP-held foreign exchange reserves fall 1.7%. SBP’s reserves fall by $134m to $7.8bn. Pakistan’s foreign exchange reserves held by the…
Pakistan’s credit default swap shoots up to 92.53% amid political unrest
Five-year sovereign debt rises to highest-ever level. Pakistan’s credit default swap shoots up to 92.53% amid political unrest. The cost…
Rupee posts historic appreciation against US dollar, recovers by Rs9.59
The rupee has recovered for a third consecutive session. Rupee posts historic appreciation against US dollar, recovers by Rs9.59. The…
Rupee nosedives to 239.94 against US dollar
Political uncertainty dragged local unit to historic low against the foreign currency. Rupee nosedives to 239.94 against US dollar. Amid…
Pakistan & IMF to strike deal after budget approval
Pakistan requests IMF to enhance programme to $8bn instead of $6bn. ISLAMABAD: The talks between the Pakistani authorities and International…
Rupee breaches 211-a-dollar barrier on delay in revival of IMF programme
“Currency will continue to fall until Pakistan manages to strike a deal IMF,” analyst says. KARACHI: The Pakistani rupee remained…