Rupee recovers significant ground against USD, trades for 276 in interbank
KARACHI: In line with expectations, the new IMF programme strongly defended the Pakistani currency and allowed a significant…
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Dollar
ECNEC approves Rs1.2tr development projects
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday gave its approval to a comprehensive…
Changing currency dynamics – from bipolar to multipolar world
KARACHI: For decades, the US dollar has dominated the global financial system and has borne the weight of being the world’s…
Forex reserves fall by $119m to $4.19b
KARACHI: The foreign exchange reserves held by the central bank fell by 2.7% on a week-on-week basis to $4.19 billion, according…
The dollar’s deadly dilemma
ISLAMABAD: Time, it seems, is running out for the US dollar’s global hegemony. And its results for the world’s foremost economic…
Tax on cash withdrawal proposed
ISLAMABAD: The government’s tax commission has proposed the re-introduction of withholding tax on cash withdrawal and banking…
Economic chokehold and current account balance
KARACHI: Pakistan is facing numerous economic challenges, which are exacerbated by the political impasse.
Economic activity is…
Rejoicing signs of rupee stability
KARACHI: Bad news is aplenty. Pakistan is yet to clinch IMF’s nod to complete the ninth review. Political temperature is not…
Remittances dip in wake of holidays
KARACHI: In line with market expectations, the flow of workers’ remittances slowed down 13% month-on-month to $2.21 billion in…
Govt seeks to break IMF gridlock
ISLAMABAD: Pakistan on Monday sought the support of the International Monetary Fund (IMF) board to break the deadlock over revival…