Owing to the lack of foreign exchange reserves in Pakistan and a reeling economic crisis, over 400 containers of imported vegetables were stuck at various terminals of Karachi seaport, Business Recorder reported on Wednesday.
For other EMEs, the World Bank in the report said impacts from the US, euro area, and China are at least 1.5 times larger than for India. It added India's relative resilience comes from its solid economic fundamentals, significant foreign exchange reserves, available policy space and prudent
India's foreign exchange reserves during the week that ended on November 25 rose by USD 2.89 billion to USD 550.14 billion, the Reserve Bank of India data showed on Friday evening. This is the third consecutive week of rising reserves.
New Delhi [India], October 22 (ANI): India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
Hong Kong, October 19 (ANI): India's external buffers appear sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices, says Fitch Ratings.
Mumbai [India], September 23 (ANI): India's foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India's data showed on Friday.
Karachi [Pakistan], September 20 (ANI): Former Interior Minister of Pakistan, Sheikh Rashid Ahmed, on Sunday slammed the Shehbaz Sharif-led government for the deteriorating economic situation in Pakistan and said that it is game over for the ruling government now.
Islamabad [Pakistan], September 4 (ANI): Pakistan is on the verge of economic collapse due to depleting foreign exchange reserves and spiralling inflation, and the political instability in the country has further worsened the economic crisis. The general public had lost trust in the capabili
Karachi [Pakistan], August 12 (ANI): As Pakistan's economy continues to remain in doldrums, the country's foreign exchange reserves declined by over USD 2 billion during the first 5 weeks of this fiscal year due to massive external debt servicing.
Islamabad [Pakistan], July 31 (ANI): The Pakistani currency depreciated by 14.5 per cent against the US dollar, registering its worst month in over 50 years as the country continues to struggle with high import payments, depleting foreign exchange reserves, and political uncertainty.
Raipur (Chhattisgarh) [India], July 30 (ANI): The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.