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Pakistani rupee

16 Aug 2023

Pakistani Rupee Drops To 3-Month Low On First Day Of Caretaker Govt

The drop was exactly in line with the market speculation that the domestic currency would face a fresh round of depreciation.

Pakistani rupee

28 Feb 2023

Baat Pate Ki: Lightning struck the people of Pakistan

Economically bad Pakistan has got another blow. The Shehbaz Sharif government of Pakistan has decided to recover the waived electricity bill from the people. During the flood, the government of Pakistan waived the electricity bill of the people.

pakistan economic crisis

11 May 2022

Pakistan’s Economic Crisis: Pakistani rupee plunges to all-time low

The exchange rate remained under pressure as the US dollar continued its upward spiral against the local currency. The forex dealers have further shared that the greenback is being sold above Rs 189 in the open market.

Pakistani rupee

08 Dec 2021

Pakistani rupee falls to a record low, depreciates 30.5% against US dollar

The only other higher devaluation occurred post the fall of Dhaka when Pakistan's currency was devalued by 58% Ex economic adviser Dr Ashfaque Hassan Khan said that there was a complete breakdown of economic policymaking Experts say that the massive devaluation of currency fueled inflationary pressures

Pakistani rupee

28 Jun 2019

Pakistani money in Swiss banks down by one-third to hit record low

The Pakistani money in Swiss banks had fallen by over 20 percent in 2017 (to CHF 1,115 million) and by 6 percent in 2016. Before that in 2015, these funds had risen 16 percent.

09 Jun 2019

Pakistan to miss all key economic targets: Report

Livestock is the only sector with a positive story. Every other major sector - industrial, manufacturing, agricultural and service - is faring far below the intended targets.

Pakistani rupee

15 May 2019

One dollar equals 146 Rupees: How Pakistani currency is at its crumbling worst

The Pakistani government has maintained there is no need to panic because an IMF bailout package, it says, will normalise the situation.

18 Apr 2019

Facing heat over crumbling economy, Pakistan's finance minister steps down

Asad Umar had been facing enormous heat - particularly from political rivals - at a time when the Pakistani economy is in absolute shambles.

08 Apr 2019

Pakistani currency tumbles but finance minister focuses on critics

For each American dollar, one can get 145 Pakistani rupees. Asad Umar, however, says he is against artificially maintaining the exchange rate.

Pakistani rupee

09 Oct 2018

Pakistani rupee tumbles about 5% in apparent central bank devaluation

The central bank runs what is widely seen as a managed float, though its official stance is that the currency is freely traded.

Pakistani rupee

17 Jul 2018

Pakistani rupee tumbles as central bank faces a crisis

The central bank declined to say whether it had devalued the currency.

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