Search For "currency devaluation"
Karachi faces surge in unemployment amid economic crisis
Updated : 1 year, 7 months ago IST
Karachi, Pakistan's largest city, is experiencing a troubling rise in unemployment amid an economic crisis characterised by food shortages, currency devaluation, and soaring inflation. Citizens express growing frustration as job losses mount and living conditions deteriorate.
Read More
Pak economy in tatters amid black marketing, smuggling: Report
Updated : 2 years, 7 months ago IST
Pakistan has experienced significant fluctuations in its exchange rates, intensifying its economic challenges. Experts underscore that a steadfast commitment to eradicating smuggling in key sectors is essential for Pakistan's economic recovery.
Read More
Why Gold Trading Should Be Part of Your Investment Portfolio
Updated : 2 years, 11 months ago IST
New Delhi [India], June 7: Gold trading has long been a popular choice for investors, as it offers the potential to make a profit while providing protection against inflation and currency devaluation. Gold has held its value over time, making it an attractive option in uncertain economic tim
Read More
Debt sustainability indicators worsen in Pakistan
Updated : 3 years, 1 month ago IST
Pakistan's major debt sustainability indicators have witnessed marked deterioration during the first half of this fiscal year in the middle of steep currency devaluation and interest rates hikes, revealed a semi-annual debt bulletin of the finance ministry, The Tribune reported.
Read More
Sri Lanka to experience 10-hour daily power cuts
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], March 30 (ANI): Amid the financial crisis, Sri Lanka will be experiencing 10-hour daily power cuts from Wednesday, announced Public Utilities Commission of the island nation.
Read More
Sri Lanka warns money exchanges from selling foreign currencies at higher
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], March 29 (ANI): Sri Lanka's central bank has warned the money changers who sell foreign currencies at higher exchange rates that their licenses would be suspended or revoked if they go beyond the exchange rates stipulated to them by licensed banks, local media reported T
Read More
Sri Lanka: Prices of essential commodities rise following currency devalua
Updated : 4 years, 2 months ago IST
Colombo [Sri Lanka], March 12 (ANI): The prices of a number of essential commodities including fuel and wheat increased significantly on Friday following Sri Lanka's decision to relax the controls over the value of the Sri Lankan rupee, local media reported.
Read More
Rising trade deficit in Pakistan causes concern
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], December 28 (ANI): Pakistan's trade deficit has risen significantly causing concern, and in November 2021 the figure exceeded USD 5 billion, 29 per cent higher than that reported in October 2021, reported local media.
Read More