Search For "foreign exchange"
Pakistan reeling from its worst economic, political crises: Report
Updated : 2 years, 9 months ago IST
Pakistan's Ministry of Finance has warned of challenges originating from uncertain external and domestic economic environments, including higher inflation and external debt repayments, due to lesser foreign exchange inflows, according to Geo News.
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India's forex reserves decline over USD 6 billion in week ended May 19
Updated : 2 years, 9 months ago IST
India's overall foreign exchange reserves declined USD 6.05 billion to USD 593.477 billion in the week that ended on May 19, 2023, data released by Reserve Bank of India on Friday showed.
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Foreign Exchange Industry calls for clarity on proposed 20 per cent TCS: S
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 25: The foreign exchange Industry has expressed serious concerns about the applicability of 20 per cent Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarif
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India's forex reserves almost touch USD 600 bln, hit one-year high
Updated : 2 years, 9 months ago IST
In October 2021, the country's foreign exchange reserves touched an all-time high of about USD 645 billion.
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ED seizes Rs 8.26 crore in case against Chinese-owned Pigeon Education Tec
Updated : 2 years, 10 months ago IST
In its statement, the ED said that an investigation found that the company was owned by Chinese nationals and all the affairs of the company including financial decisions are being taken by the persons sitting in China.
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India's forex reserves rise USD 7.2 bln to USD 596 bln
Updated : 2 years, 10 months ago IST
India's foreign exchange reserves rose by USD 7.196 billion to USD 595.976 billion in the week that ended on May 5, data released by the Reserve Bank of India showed on Friday.
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Pakistan's foreign reserves continue to decline due to loan repayment
Updated : 2 years, 10 months ago IST
The foreign exchange reserves continued their downward trend and fell to USD 4.38 billion in the week ending May 5, central bank data showed on Thursday.
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Mumbai: ED attaches 3 properties worth Rs 41 cr of businessman named in Pa
Updated : 2 years, 10 months ago IST
Three properties worth Rs 41 crores were seized by the Enforcement Directorate, under Foreign Exchange Management Act (FEMA) provisions, after the name of a businessman appeared in Panama papers regarding offshore entities, the agency said on Monday.
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IMF raises concerns about Bangladesh's economy as forex reserves fall
Updated : 2 years, 10 months ago IST
An International Monetary Fund (IMF) team conducted a staff visit to Bangladesh's capital city Dhaka from April 25 to May 7, 2023, to discuss recent macroeconomic developments and implementation of its program.
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Amid fiscal woes, private dealers in Pakistan turn to Iran for less expens
Updated : 2 years, 10 months ago IST
Amid reeling economic crisis and shortage of foreign exchange reserves, Pakistanis have turned to Iran for less expensive fuel as the country's inflation rate hit historic highs during the past few months, Geo News reported.
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India's forex reserves rise USD 4.5 bln to USD 588.78 bln
Updated : 2 years, 10 months ago IST
India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data.
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Pakistan turning into failed state due to its institutional crisis
Updated : 2 years, 10 months ago IST
The Pak army and military establishment have failed to maintain neutrality among the political parties and always try to become a king-maker by lodging and un-lodging political leaders from the seat of power. The military establishment often hatches conspiracy against the governments which l
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