Govt cracks down on dollar smuggling
KARACHI: The government has initiated a sweeping crackdown on individuals and groups involved in dollar smuggling, hoarding, and…
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Rupee’s free fall continues as it hits new low at 302
KARACHI: Pakistani rupee continued to remain on a record-breaking downward spree for the fifth consecutive working day on Monday…
Rupee reaches new low after crossing 300 against USD
The Pakistani rupee reached a record low against the US dollar on Thursday after the greenback was traded at Rs300.26 in the…
Over $5b received for project financing, building reserves
ISLAMABAD: Pakistan got over $5 billion in fresh loans in July, which was the highest amount received in any month, to meet…
US investment hits decade high
LAHORE: US President’s Adviser Shahid Ahmed Khan has said that the US has been a leading investor in Pakistan for the past 20…
Rupee falls as import pressure mounts
KARACHI: Pakistani rupee edged down 0.07%, or Rs0.19, to Rs286.64 against the US dollar in the inter-bank market on Monday, ending…
US Fed raises interest rates to 16-year high
WASHINGTON: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated…
Pakistani rupee depreciates further against US dollar
Pakistani rupee depreciated further against the US Dollar on Monday, despite receiving the funding from International…
Economic tasks for interim govt
GENEVA: As we are heading towards an interim government, it may not be a usual transitional government due to unprecedented…
Global investors plan to pour $7.1b into Turkey
ISTANBUL: Members of Turkey’s International Investors Association (YASED) are planning $7.1 billion of direct investment in Turkey…