Rupee tumbles by nearly Rs19 against dollar in interbank amid IMF delays
Analysts attributed the record drop — which is 7.04pc — to the government’s impasse with the International Monetary Fund (IMF)….
IMF
Markets, marriage halls in Karachi ordered to close early
Orders came after PM unveiled host of austerity measures. Markets, marriage halls in Karachi ordered to close early. In compliance…
President Alvi signs Finance (Supplementary) Bill 2023
Approval for “mini-budget” given under Article 75 of Constitution, as Pakistan seeks to unlock next tranche IMF’s loan facility. President…
National Assembly unanimously approves much-needed mini-budget
The mini-budget’s approval comes as the government continues its talks with the IMF. National Assembly unanimously approves much-needed mini-budget. The…
Pakistan current account deficit falls to $0.2 billion in January: SBP
CAD decreased to $3.8bn in first seven months of current fiscal year. Pakistan current account deficit falls to $0.2 billion…
Fitch Ratings downgrades Pakistan to ‘CCC-‘
Downgrade reflects sharp deterioration in external liquidity, funding conditions, decline of foreign exchange reserves. Fitch Ratings downgrades Pakistan to ‘CCC-‘….
Rs170bn in taxes to be imposed through mini-budget prior to IMF deal: Ishaq Dar
Dar says some reforms suggested by IMF are in Pakistan’s favour. Rs170bn in taxes to be imposed through mini-budget prior…
PTI lawmakers being asked to change loyalty, claims Asad Umar
“Circular debt is increasing by Rs123 billion per month,” Shaukat Tarin said. PTI lawmakers being asked to change loyalty, claims…
Miftah Ismail says dollar cap caused $3bn loss
Would have been better if 9th review was passed in Oct, says Miftah. Miftah Ismail says dollar cap caused $3bn…
Rupee falls in open market after exchange cap removal
Dollar closes at 243 in open market. Interbank sees meagre change. Rupee falls in open market after exchange cap removal….