Search For "depreciating currency"
Pakistan spending 66 per cent of forex on fuel imports
Updated : 3 years, 6 months ago IST
Amid surging energy prices worldwide due to the Russia-Ukraine war and deteriorating economy due to inflation and its depreciating currency, Pakistan is forced to spend 66 per cent of its forex reserve on fuel imports.
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Pakistan urges IMF to ease harsh terms on power tariffs, fuel taxes
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], September 30 (ANI): Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over next si
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Prolonged Russia-Ukraine conflict to intensify Pakistan's economic woes
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], July 12 (ANI): Pakistan, which is reeling under high inflation, sliding forex reserves, widening current account deficit and depreciating currency, is bracing for the worst economic woes due to the prolonged Russia-Ukraine conflict.
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US State Secy Blinken discusses economic, political challenges with Sri La
Updated : 3 years, 11 months ago IST
Washington [US], June 14 (ANI): US Secretary of State Antony Blinken on Monday (local time) discussed the current economic and political challenges with Sri Lanka's Prime Minister Ranil Wickremesinghe.
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Row over renewal of licenses leads to Afghanistan's biggest stock market i
Updated : 4 years, 3 months ago IST
Kabul [Afghanistan], February 8 (ANI): Adoption of new conditions by Afghanistan's central bank, that calls for renewal of licences by Afghan money exchangers, resulted in the closure of the country's biggest stock market in Kabul on Tuesday.
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Kabul locals struggle with higher food, fuel prices
Updated : 4 years, 5 months ago IST
Kabul [Afghanistan], December 18 (ANI): Amidst harsh winter, people living in Kabul are struggling for food, fuel and other basic items in the face of surge in fuel prices coupled with high unemployment rates, according to local media.
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Afghanistan International Bank receives 3rd batch of World Bank's USD 19.2
Updated : 4 years, 5 months ago IST
Kabul [Afghanistan], December 14 (ANI): Afghanistan International Bank on Sunday received the third batch of World Bank's USD 19.2 million cash assistance.
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MahaDAO's ARTH goes live in India; over 5000 investors foresee a solution
Updated : 5 years, 4 months ago IST
Mumbai, Maharashtra [India], January 23 (ANI/NewsVoir): MahaDAO, a decentralized autonomous organization (DAO) governed by its users, the MAHA community, are officially launching the first epoch for ARTH, the world's first non - depreciating currency.
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Gold jewellery demand in Q1 dips to 11-year low of 74 tonnes: WGC
Updated : 6 years, 1 month ago IST
New Delhi [India], April 30 (ANI): India's jewellery demand in January to March (Q1) fell by 41 per cent to an 11-year low of 73.9 tonnes as COVID-19 compounded the impact of higher domestic gold prices amid a depreciating currency and softer economic growth, the World Gold Council said in i
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