Domestic benchmark stock Indices -- Sensex and Nifty -- started the fresh week in the green as they rose marginally erasing some part of the losses from the previous session.
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, declined USD 7.108 billion to USD 500.587 billion.
Pakistan faced an economic crisis which is a result of its own faulty policies long-standing debts, dipping forex reserves and support to extremism and terrorism.
"As we speak, an IMF delegation is in Islamabad and giving a very tough time to the finance minister and his team. I will not go into detail about this further but our economic challenges are unimaginable. The IMF conditions which we have to fulfill are beyond imagination but we have to do i
The coming financial year may not bring hope for Pakistan as most economic sectors are on the decline. The country's imports are hit because of extremely low forex reserves. Pakistan has also agreed to meet all conditions of the International Monetary Fund (IMF) despite having a history of n
This quick depletion of the forex reserves was blamed on the PDM government's indecisiveness vis-a-vis revival of the IMF program which had been stalled since the last days of PTI's government.
While, Pakistanis are deprived of their basic needs, unbearable economic challenges in the shape of inflation, unemployment and financial instability, all political parties have staked out the country's sovereignty.