Searched for
PAKISTAN RUPEE DEVALUATION
Indian rupee posts strong gains against UAE dirham, Pakistan rupee slumpsThe Indian rupee saw a significant rebound, marking its largest single-day gain in almost six weeks. This was due to the retreat of the US ...- Independence Day: How the rupee went from less than 4 a dollar in 1947 to 83 todayThe Indian rupee opened on Monday below the 83-mark against the US dollar, the lowest for the currency since October 2022 when it dipped to...
- Oil industry in Pakistan on verge of 'collapse' amid liquidity crisisThe IMF has set several conditions for resuming the bailout, including a market-determined exchange rate for the local currency and an easi...
- Pakistani rupee's weakness 'still has further to run'Fitch Solutions mentioned that their current forecast for the rupee to reach Rs 248 per dollar by year-end "is therefore now looking out of...
- Pakistan hikes petrol, diesel price by PKR 35; Petrol selling at 250 per litre & diesel at 262Ishaq Dar made the announcement in a televised address on Sunday. He said that the price of kerosene oil and light diesel oil were increase...
- Pakistan's debt mounts over USD 15 billion, breaking previous year's recordEarlier, the former chairman of Pakistan's Federal Board of Revenue Shabbar Zaidi has said that the country is "bankrupt" and it is better ...
- Pakistan's rupee is close to becoming the month's biggest loserThe managed-float currency dropped more than 5 per cent in May and breached 150 per dollar.
- Pakistan rupee drops in likely devaluation after IMF bailoutPakistan rupee dropped 3.6%, the most in more than five months, to 146.52 a dollar at close on Thursday.
- Panic hits Pakistan rupee, currency falls to all-time low of Rs 144"There is panic in the market and buying spree is going on but it will be addressed," an official of State Bank of Pakistan
- Pakistan rupee plunges in de facto devaluation as IMF bailout talks loomThe country's fifth devaluation since December, taking rupee losses to about 26 percent, had been expected and seen as a prerequisite for a...
- Pakistan to seek $6-7 billion IMF bailout: FM Asad UmarFinance Minister Asad Umar on Monday said Prime Minister Imran Khan has endorsed the decision to seek assistance from the International Mon...
- Moody's downgrades Pakistan's ratings to negative from stableDownsizing of Pakistan's ratings came ahead of general election in the country on July 25.
- Pakistan devalues its currency for third time since DecemberThe managed currency dropped 3.7 percent to close at 119.84 per dollar on Monday.
- What next for Pakistan after second currency devaluation?The central bank has been running down its reserves to defend the currency, which has been largely pegged against the dollar.
- Pakistan loosens grip on rupee as economic pressures persistRupee closed at 107 per dollar at close on the interbank market, after falling as low as 109.5 per dollar.
- Fleeing India, FIIs are heading straight to Pakistan; here's whyPakistan’s current-account deficit more than doubled to $12.1 billion in the year through June.
- Twin deficits threaten to unsettle Pak; PM rules out devaluationPakistan’s current account gap more than doubled to $12.1 billion in the year ended June.
- Rupee devaluation in Pakistan? Currency drops most in 9 yearsThe rupee fell 3.1 per cent to 108.1 against the dollar at 2:29 p.m. local time on Wednesday.
- Local retail business would collapse after FDI in retail: RSSRashtriya Swayamsevak Sangh claimed that FDI in retail sector would "facilitate" flow of money from India to foreign countries.
- Slice of History: Rupee devaluation of 1966The rupee was devalued by 36.5% in 1966 on weak macro-economic indicators.
Load More
