The Pakistan International Airline (PIA) has sought a bailout package worth Rs 23 billion Pakistani currency (approx. 75 million USD) from the government to continue its services amid the huge debt burden.
As the Pakistani Rupee (PKR) goes down steadily against the US dollar, experts and stakeholders in Pakistan point fingers at the powerful grip of the grey market and the “significant interference” by the International Monetary Fund (IMF) in the country's banking and currency sectors, reporte
The Customs (Preventive) Commissionerate in Vijayawada seized over 11 kg of smuggled gold worth Rs 6.4 crore at Bollapalli Toll Plaza, informed officials, adding that a person was arrested during the operation.
Foreign Secretary Vinay Kwatra said on Thursday that discussions on trade settlements in national currency have been very positive within the BRICS framework.
As China's currency continues to weaken, Chinese stocks hit nine-month lows and the yuan tumbled on Monday as the authorities' efforts to revive demand failed to inspire investors, reported Channel News Asia.
The focus of the 15th BRICS Summit is on trade within the national currency as common currency discussions have several prerequisites, Foreign Secretary Vinay Kwatra said on Monday.
A special NIA court in Bihar has sentenced a key accused in the East Champaran fake currency case to five years of rigorous imprisonment, the agency official said.
The NIA Special Court in Bihar’s Patna sentenced a key accused in the East Champaran, Bihar, fake currency case on Saturday to 5 years of rigorous imprisonment (RI), along with a fine, on various charges by the NIA Special Court, an official said.
Expansion of BRICS and use of national currency are among key agendas of the discussion in the 15th BRICS Summit beginning here from Tuesday, India's BRICS Sherpa Dammu Ravi told ANI in an interview.
The anti-money laundering force on Saturday informed that the currency was detected with the help of sniffer dogs from a wheelchair used by one of the arrested Afghans to cross the border.
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.