Anti-smuggling drive lifts rupee further
KARACHI: Pakistani currency continued to strengthen for the ninth consecutive working day on Monday, on the back of strong support…
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pak rupees
In continuous free fall, rupee crosses 305 barrier
ISLAMABAD: Pakistani currency maintained its losing streak for the eight consecutive working day on Thursday, crossing another…
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 loses significant ground against USD, trades for 292 in interbank
KARACHI: The Pakistani currency witnessed a significant drop on Tuesday - the first day of the interim government taking over the…
Pakistani rupee depreciates further against US dollar
Pakistani rupee depreciated further against the US Dollar on Monday, despite receiving the funding from International…
TERF criticism to spark capital flight
KARACHI: Investors in Pakistan seem to be cursed, literally. It has hardly been two weeks since the initial optimism following the…
Default risk drops to less than 50%
KARACHI: Following the rally in Pakistan’s global Eurobonds, the country’s risk of default, as measured by credit default swaps…
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…
Circular debt payables surge to Rs2.63tr
ISLAMABAD: Pakistan’s energy sector is grappling with an escalating circular debt crisis as total payables swelled to Rs2.63…
Rs10m fine sought for illegal oil storage
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has proposed a rigorous imprisonment of up to 10 years or a fine of Rs10…