Foreign exchange reserves

India’s forex reserve touches fresh record high of USD 692.3 billion

India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week…

2 months ago

India’s forex reserves hit record USD 666.85 Billion, driven by surging gold and foreign currency assets

India's foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to…

4 months ago

India’s foreign exchange reserves surge to touch fresh peak of USD 657.2 billion

There's no looking back for India's foreign exchange reserves as they yet again touched a fresh lifetime high. In the…

4 months ago

India’s foreign exchange reserves touch fresh highs at USD 655.8 billion

India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the…

5 months ago

For bearish Pakistani exporters, IMF deal is no silver bullet

Pakistan, which is in the midst of an economic crisis, has recorded a 12.7 per cent decline in exports for…

1 year ago

Pakistan’s forex reserves plunge below $4 billion, several companies wind up operations

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan have once again fallen below the $4 billion mark…

1 year ago

Is Finance Minister Ishaq Dar the mascot of Pakistan’s crippled economy?

Pakistan’s Finance Minister Ishaq Dar will have to take much of the blame for the country’s deepening economic crisis. The…

1 year ago

Our education system cannot compete with India’s, says Pakistan ex-minister

Pakistan’s former Finance Minister Miftah Ismail has said that the spendings on education is neither sufficient nor is the amount…

1 year ago

Pakistan’s political turmoil will further impact inflow of foreign loans

The ongoing political turmoil in Pakistan will make it even more difficult for the Shehbaz Sharif government to secure the…

2 years ago

Multinationals in Pakistan scramble as their profit margins plummet

The going is getting tougher for multinationals operating in Pakistan, fresh investments will slow down. Along with the economic woes,…

2 years ago

How poor governance has devastated Pakistan’s once robust textile sector

Pakistan’s once robust textile industry, considered the backbone of the economy, is under severe stress as several firms are inching…

2 years ago

Moody’s downgrades Pakistan’s rating amid depleting forex reserves

In another setback to Pakistan, global ratings agency Moody's today downgraded the country’s rating to Caa3 from Caa1 as it…

2 years ago

Pakistan’s pharma sector takes a big hit amid deepening economic crisis

Hit by acute shortage of imported raw materials, rising prices and sliding currency, Pakistan’s pharmaceutical companies have threatened to halt…

2 years ago

Cash starved Pakistan bows to IMF conditions, approves new tax on power

Staring at bankruptcy, Pakistan has finally agreed to the stringent conditions of the International Monetary Fund (IMF) for the much…

2 years ago

Staring at default, will Pakistan go for debt restructuring kicking and screaming?

After Sri Lanka, will Pakistan be the second South Asian nation to participate in the debt restructuring exercise? Amid deepening…

2 years ago

Pakistan’s economic meltdown triggers infighting; blame game among political class intensifies

Driven by a near collapse of the economy, uncertainty and risks in Pakistan’s political and security have risen further with…

2 years ago

Pakistan’s forex reserves dip to an alarming $3.67 billion, not enough to cover imports

After a marginal increase last week, foreign exchange reserves held by Pakistan’s central bank have once again dropped– this time…

2 years ago

Pakistani rupee hits all time low of 255 to a dollar amid economic meltdown

Amid news that the International Monetary Fund (IMF) may resume the stalled loan package, the Pakistani rupee touched an all…

2 years ago

Will Finance Minister Ishaq Dar take responsibility for Pakistan’s economic crisis?

As Pakistan is currently staring at one of the worst economic crises in its history, the country’s Finance Minister Ishaq…

2 years ago

Why are Pakistanis unhappy with Bilawal Bhutto’s Davos visit?

Pakistan Foreign Minister Bilawal Bhutto Zardari and Minister of State for Foreign Affairs Hina Rabbani Khar along with other senior…

2 years ago

Will Saudi Arabia’s assistance to Pakistan resolve its knotty economic issue?

The news that Saudi Arabia is ready to provide assistance to cash starved Pakistan has made headlines. But policymakers’ worries…

2 years ago