KARACHI – Pakistan’s foreign exchange reserves have further fallen to $3.7 billion, its lowest levels since February 2014, as the country’s economic crisis worsen in recent weeks. The reserves held by the central bank have been persistently shrinking since the beginning of the current ...

Pakistan rupee recovered late to remain stable against the US dollar at the close of the interbank trading Saturday after losing a little shine in early hours. Pakistani rupee made a comeback in interbank trading as the greenback gained 6 paisa in its value in early trading. According to data ...

ISLAMABAD: Pakistan will likely secure a multibillion-dollar financial support package from long-time ally Saudi Arabia link this month, two sources said, as the country's ninth review of a $7 billion IMF bailout ran into snags. The two finance ministry officials said the Saudi package would ...

The Pakistani rupee kept losing its value against the US dollar in the interbank. According to the money dealers, during trading activity on Monday after a break of two days, the American currency seemed to glide confidently pushing down Pakistani rupee. During morning activity, the dollar was up ...

*KARACHI: The State Bank of Pakistan (SBP) has announced a decline in foreign reserves, two weeks after a deposit of US$1.16 billion from International Monetary Fund (IMF). * According to the Central Bank, the total liquid foreign reserves held by the country stood at US$14.06 billion as of ...

KARACHI – Saudi Arabia has agreed to extend a $3 billion deposit currently parked in the State Bank of Pakistan (SBP) for one more year in order to help the South Asian country tackle prevailing economic crisis. In 2021, the Saudi Fund for Development had deposited $3 billion in Pakistan's ...

*Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell $113 million, clocking in at an alarming level of $7.7 billion as of August 26, 2022, as policymakers in the country continued to scramble over securing dollar inflows and provide breathing room to the economy.* Total liquid ...

*KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $190 million during the week ended on July 29.* Sharing a break-up of the foreign reserves position, the central bank said that the reserves held by the State Bank of Pakistan stand at ...

*ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Sunday said incumbent government’s efforts to reduce imports have finally borne fruit.* In his tweet, Miftah Ismail said imports in July were recorded at $5 billion as compared to $7.7b in June. He said the coalition government is ...

ISLAMABAD – Chief of Army Staff General Qamar Javed Bajwa has approached Washington to request help in getting an early loan dispersal from the International Monetary Fund, as inflation and debt all stoke fears of economic collapse in cash strapped nation. A report in *Nikkei Asia* quoting ...