This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
On January 6 the Forex reserves in the State Bank of Pakistan (SBP) touched the lowest mark of USD 4.343 billion just enough for two weeks. The recurring economic crises in Pakistan are primarily caused by a persistent fiscal deficit, which is a result of the government's tendency to overspe
"We have become politically and morally bankrupt. Even today, people are not being told the truth, which the country needs," Khokhar said while addressing the second session of the national dialogue in Quetta.
The state-run bank said its interest income went up 12.61 per cent to Rs 2,107 crore from Rs 1,871 crore in the corresponding quarter the previous year
Ship agents have warned the Pakistani government that all export cargoes could stop as foreign shipping lines are considering halting their services for Pakistan after banks stopped remitting freight charges to them for lack of dollar availability, the Dawn reported.
Located in Garhwal hill tracks in Chamoli district along the banks of Alaknanda River, Badrinath Temple is dedicated to Lord Vishnu. The portals of Badrinath Temple are closed these days for winter break.
The bank said its operating profits grew 17 per cent year-on-year to Rs 914 crore in Q3FY23 and the Mumbai-headquartered lender said it is the highest in the past seven quarters.
According to CBI statement, it was alleged that during 2014-2016, a huge amount was remitted in foreign exchange (Forex) abroad from the accounts of nine entities through eight nationalised banks by submitting fake import documents such as bills of entry, bills of lading, among others, witho