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Pakistani rupee registers worst month in 50 years, depreciates by 14.5 pc
Updated : 3 years, 7 months ago IST
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.
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Wickremesinghe urges parties to find ways to repay loans as unrest delayed
Updated : 3 years, 7 months ago IST
Colombo [Sri Lanka], July 31 (ANI): Sri Lanka's President Ranil Wickremesinghe on Sunday said that the unrest had delayed a possible deal with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis and urged political parties must work together on find
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Not the job of army chief to deal with economic matters: Imran Khan after
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], July 30 (ANI): Former prime minister and Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan on Friday said that Pakistan is getting weaker after the country's Chief of Army Staff General Qamar Javed Bajwa sought help from the US to secure an early loan dispersal from th
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Pak Minister meets US envoy, seeks financial investments as country faces
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], July 29 (ANI): In a similar move to Pakistani Army Chief Qamar Javed Bajwa's appeal to US to help Pakistan in securing an IMF loan tranche, country's Finance Minister Miftah Ismail has met the Ambassador of the United States (US) to Pakistan, Donald Blome, to get financ
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Pakistan: Bajwa urges US to help Pakistan secure IMF loan tranche
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], July 29 (ANI): Pakistan's army chief General Qamar Javed Bajwa has sought help from the US to secure an early loan dispersal from the International Monetary Fund at a time when the country is battling with dwindling foreign reserves, media reports said.
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Pakistan likely to increase fuel prices
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 28 (ANI): Fuel prices in Pakistan are expected to rise before August as the country is required to meet conditions imposed by the International Monetary Fund, local media reported citing sources.
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Pakistani rupee dives to 240 per US dollar
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 28 (ANI): Pakistan rupee depreciated at a record low against the US dollar on Thursday as it dropped to PKR 240.5 against the dollar in the interbank market.
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Pakistani rupee sinks to all-time low against US dollar
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 27 (ANI): The Pakistani rupee continued to sink against the US dollar for the ninth straight session in the interbank market, hitting a new record low of 236 on Wednesday.
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Pakistani rupee reaches new low against US dollar, closes at 232.93
Updated : 3 years, 8 months ago IST
Karachi [Pakistan], July 27 (ANI): Pakistani rupee (PKR) reached a new low against the US dollar on Tuesday, closing at Rs 232.93 in the interbank market.
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IMF revises China's growth by 1.1 pc, predicts major global spillovers
Updated : 3 years, 8 months ago IST
Washington [US], July 26 (ANI): The International Monetary Fund (IMF) said on Tuesday that it has revised downwards its forecast for China's economic growth by 1.1 per cent in 2022 and by 1.3 per cent next year.
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Pakistani rupee slumps to 230 against US Dollar
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 25 (ANI): The Pakistani rupee has dropped to a record low against the US dollar with the exchange rate sliding to PKR 230, local media reported on Monday.
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Pakistan's cabinet okays ordinance to sell assets to prevent country from
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 24 (ANI): Pakistan's cabinet has approved an ordinance to bypass all the procedures for selling assets to foreign countries in order to prevent the country from defaulting.
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