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…
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SBP names banks responsible for increase in US dollar rate
There are reports that names of more banks involved in this scandal could surface in the coming days. SBP names…
Rupee continues downward spiral for third straight session
The local currency eased by Re0.22 or 0.10% versus the dollar to close at 221.91 compared to Monday’s close of…
Asian shares fall ahead of U.S. CPI, crypto worries mount
The U.S. dollar on Thursday held onto its most of its gains overnight against a basket of currencies. Asian shares…
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…
Rupee Glides to Historic Low of 206.46 Against US Dollar
Rupee has been losing ground due to the balance of payment crisis & falling foreign exchange reserves, traders said. The…
Rupee Plunges to All Time Low of 202.83 Against US Dollar
Pakistan’s economy is struggling with extreme pressure for the last few months. Rupee Plunges to All Time Low of 202.83…