Search For "forex"
India's forex reserves continue to rise for three weeks
Updated : 3 years, 1 month ago IST
The reserves are currently at their multi-month highs with the latest three consecutive weeks' rise.
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Faulty policies, funding of terrorism responsible for Pakistan's economic
Updated : 3 years, 1 month ago IST
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.
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IMF giving tough time to Pakistan, says PM Shehbaz Sharif
Updated : 3 years, 1 month ago IST
"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
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Economic Survey: India's foreign exchange reserves comfortable, external d
Updated : 3 years, 1 month ago IST
India's foreign exchange reserves stood at USD 532.7 billion as of September-end of 2022, covering 8.8 months of imports according to the Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in Parliament today.
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Pakistan accepts IMF loan conditions, but would it be able to honour them?
Updated : 3 years, 1 month ago IST
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
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Pakistan need to fix responsibility for its depleting forex reserves: Repo
Updated : 3 years, 1 month ago IST
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.
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Pakistan: Political instability causing irreparable damage to economy
Updated : 3 years, 1 month ago IST
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.
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India's forex reserves hit about six-month high of USD 573.7 billion
Updated : 3 years, 1 month ago IST
India's foreign exchange reserves rose by whopping USD 1.727 billion to USD 573.727 billion in the week ending on January 20.
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Pakistan's nationwide electricity blackout serves as warning of dystopian
Updated : 3 years, 1 month ago IST
The power system in Pakistan has long been a source of frustration and difficulty for its citizens. The latest power outage, which left millions without electricity, is just the latest example of a chronic problem that has plagued the country for years.
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Pakistan's recent countrywide electricity blackout linked to forex woes
Updated : 3 years, 1 month ago IST
A prolonged shortage of dollars is wreaking havoc throughout the economy and a nationwide power outage this week underscored the razor-thin margins for error in Pakistan's energy sector.
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Domestic markets open stronger, snap two-day losing run
Updated : 3 years, 1 month ago IST
Thirty-share BSE Sensex went up 265 points to 60,870.77 on Monday morning while NSE Nifty surged 79 points to 18,106.70 level.
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Pakistan: SBP forex reserves reach USD 4.34 billion, Islamabad left with t
Updated : 3 years, 1 month ago IST
The foreign exchange held by the State Bank of Pakistan reached a low of USD 4.343 billion.
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