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Investors lose confidence in Pakistan amid deteriorating economy
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 25 (ANI): International investors are losing confidence in Pakistan amid a deteriorating economy and intensified political uncertainty.
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Pakistani rupee continues to decline against US dollar
Updated : 3 years, 6 months ago IST
Karachi [Pakistan], August 25 (ANI): Ahead of the International Monetary Fund's (IMF) executive board meeting on August 29 in Washington, the Pakistani rupee continued to decline against the US dollar on Thursday.
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Pakistan may borrow another USD 2.8 billion from IMF under Saudi Arabia's
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 15 (ANI): Pakistan claimed that Islamabad has been able to borrow up to USD 2.8 billion against Riyadh's quota of Special Drawing Rights (SDRs) after reports of Saudi Arabia planning to renew a USD 3 billion deposit at the State Bank of Pakistan.
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Pakistan's trade deficit with neighbouring countries swells
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 9 (ANI): Pakistan is currently witnessing a deep trade deficit with neighbouring countries as the country's imports to nine regional countries have risen almost twice in comparison to the exports of the South Asia nation, media reports said citing latest data rel
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CPEC in trouble with China, Pak's disengagement amid economic crisis
Updated : 3 years, 7 months ago IST
Hong Kong, August 4 (ANI): Almost a decade after Beijing initiated the China-Pakistan Economic Corridor (CPEC), the implementation of its important projects is in jeopardy as Pakistan is heading into an economic crisis while Chinese investments are drying up.
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Assurance from friendly countries needed for IMF-Pakistan loan deal
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 3 (ANI): Amid dwindling foreign reserves, the International Monetary Fund (IMF) on Tuesday announced the approval of USD 1.2 billion in loans on the condition that Pakistan should timely secure adequate assurances from friendly countries in order to tackle the wi
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Pakistani rupee slumps further to PKR 231 against dollar
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], July 26 (ANI): Pakistan rupee depreciated at a record low against the US dollar on Tuesday as it dropped to PKR 231 against the dollar in the interbank market, local media reported.
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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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Pak govt assures citizens of stable economy while it heads toward crisis
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 23 (ANI): While Pakistan's economy is heading towards disaster, its government is assuring the citizens that Islamabad's economy is stable.
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Pakistani rupee dives to 228 per US dollar
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 22 (ANI): The Pakistani rupee on Friday surpassed all prior records against the US dollar after hitting a fresh record low of PKR 228 against the dollar in the interbank market.
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Pakistani rupee slumps further to PKR 221 against USD
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 19 (ANI): The Pakistani rupee on Tuesday surpassed all prior records against the US dollar after hitting a fresh record low of PKR 221 against the US dollar in the interbank market.
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Pakistani rupee nosedives to all-time low of 212 against US dollar
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 18 (ANI): The Pakistani rupee has dropped to a record low against the US dollar with the exchange rate sliding to PKR 212, local media reported on Monday.
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