Pakistani Rupee Drops To 3-Month Low On First Day Of Caretaker Govt
The drop was exactly in line with the market speculation that the domestic currency would face a fresh round of depreciation.
Aug 16, 2023, 07:29 AM IST
Baat Pate Ki: Lightning struck the people of Pakistan
Economically bad Pakistan has got another blow. The Shehbaz Sharif government of Pakistan has decided to recover the waived electricity bill from the people. During the flood, the government of Pakistan waived the electricity bill of the people.
Feb 28, 2023, 22:50 PM IST
Pakistan’s Economic Crisis: Pakistani rupee plunges to all-time low against US dollar
The Pakistani rupee slumped to an all-time low against the US dollar on Tuesday.
May 11, 2022, 12:53 PM IST
Pakistani rupee falls to a record low, depreciates 30.5% against US dollar under Imran Khan govt
According to reports, the value of the Pakistani rupee has fallen from Rs 123 against the USD in August 2018 to Rs 177 against the USD in December 2021. This makes it one of the highest devaluations of the currency in the country's history.
Dec 08, 2021, 06:33 AM IST
Pakistani money in Swiss banks down by one-third to hit record low
The Pakistani money in Swiss banks had fallen by over 20 percent in 2017 (to CHF 1,115 million) and by 6 percent in 2016. Before that in 2015, these funds had risen 16 percent.
Jun 28, 2019, 10:44 AM IST
Pakistan to miss all key economic targets: Report
Livestock is the only sector with a positive story. Every other major sector - industrial, manufacturing, agricultural and service - is faring far below the intended targets.
Jun 09, 2019, 13:59 PM IST
One dollar equals 146 Rupees: How Pakistani currency is at its crumbling worst
The Pakistani government has maintained there is no need to panic because an IMF bailout package, it says, will normalise the situation.
May 15, 2019, 18:14 PM IST
Facing heat over crumbling economy, Pakistan's finance minister steps down
Asad Umar had been facing enormous heat - particularly from political rivals - at a time when the Pakistani economy is in absolute shambles.
Apr 18, 2019, 15:17 PM IST
Pakistani currency tumbles but finance minister focuses on critics
For each American dollar, one can get 145 Pakistani rupees. Asad Umar, however, says he is against artificially maintaining the exchange rate.
Apr 08, 2019, 19:36 PM IST
Pakistani rupee tumbles about 5% in apparent central bank devaluation
The central bank runs what is widely seen as a managed float, though its official stance is that the currency is freely traded.
Oct 09, 2018, 15:53 PM IST
Pakistani rupee tumbles as central bank faces a crisis
The central bank declined to say whether it had devalued the currency.
Jul 17, 2018, 13:29 PM IST
