Gurgaon (Haryana) [India], January 18 (ANI/NewsVoir): BookMyForex.com, India's first online foreign exchange marketplace, has launched the new "BookMyForex Student Offer" with cashback & offers on international money transfers aiming to provide great value to international students. The
Renowned globally for its richly coloured and aromatic tea, Assam, the country's largest tea producer provides livelihood to millions with many others directly or indirectly dependent on the plantation sector. Assam now produces nearly 700 million kg of tea annually and accounts for aroun
Pakistan's economic condition is precarious with low foreign exchange reserves and large fiscal and current account deficits, has further worsened by severe flooding.
FPCCI former president and BMP Chairman Mian Anjum Nisar has said that the number is likely to drop further amid debt repayment obligations of more than USD 8 billion in the first quarter of 2023.
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
India's foreign exchange reserves fell by USD 691 million to USD 562.808 billion in the week that ended on December 23, Reserve Bank of India's Bulletin Weekly Statistical Supplement latest data showed.
Despite acknowledging that there were problems with the economy, Pakistan's Finance Minister Ishaq Dar assured investors that "there is no way Pakistan is going to default."
The flight of US dollars from Pakistan to Afghanistan continues unabated resulting in the erosion of Islamabad's foreign exchange reserves, reported Dawn.
Breaking the trend of the fifth consecutive week of rising foreign exchange reserves, they fell by USD 571 million to USD 563.499 billion in the week that ended on December 16, Reserve Bank of India's Bulletin Weekly Statistical Supplement data showed on Friday.