Foreign exchange reserves

Is $8 billion donor pledge to cash-strapped Pakistan only good PR?

Pakistan Prime Minister Shehbaz Sharif, who is currently in Geneva to attend an international Conference on ‘Climate Resilient Pakistan’ along…

2 years ago

Is Ishaq Dar driving Pakistan the Sri Lanka way to bankruptcy?

Is Pakistan going the Sri Lanka way? Pakistan is staring at bankruptcy even as it managed to repay about $1…

2 years ago

Is debt-ridden Pakistan set to kowtow before the IMF as 2023 begins?

After severely criticising the International Monetary Fund (IMF) for setting stringent riders for the $7 billion loan package under the…

2 years ago

Pakistan’s forex reserves drop to 8 year-low level

Pakistan’s foreign exchange reserves held by its central bank has fallen by $294 million in a week to $5.821 billion…

2 years ago

Can cash-strapped Pakistan repay a hefty $8.3 billion debt by March?

Pakistan will step into the new year with uncertainty. Come January, Islamabad will be required to make repayments of $1…

2 years ago

S&P cuts Pakistan’s rating amid falling forex reserves

S&P Global Ratings further downgraded Pakistan’s long term sovereign credit rating to 'CCC+' from 'B-‘. Pakistan, foreign exchange reserves which…

2 years ago

Will IMF loans to Pakistan continue after cut in fuel prices?

As Pakistan drastically slashed fuel prices, what will the International Monetary Fund's (IMF) stand on the ongoing loan programme? Will…

2 years ago

Pakistan’s forex kitty close to nil

Pakistan’s foreign exchange reserves at $6.72 billion – lowest in almost four years -- mostly comprises borrowed money from other…

2 years ago

Broke Pakistan may seek big bro China’s help on debt bail-out

As Pakistan’s foreign exchange reserves held by its central bank fell to $6.7 billion during the week that ended December…

2 years ago

Will Pakistan default on its debt repayment despite assurances?

Even as Pakistan assured that it will not fail in debt repayment due in early December, the risks of a…

2 years ago

Broke Pakistan govt has no funds for development projects

Pakistan’s economic crisis driven by severe cash crunch has led to a sharp reduction in government expenditure. According to data,…

2 years ago

Another red flag goes up as Pakistan’s forex reserves dip below $8 billion mark

Pakistan’s foreign exchange reserves have dipped below the psychological $8 billion mark to touch $7.8 billion during the week ended…

2 years ago

Is Pakistan once again on the brink of default?

Pakistan’s devastating floods which could cost more than $30 billion to the exchequer have once again sparked fears of a…

2 years ago

Pakistan’s foreign exchange reserves in a free fall– drop by $555 million in a week

<p> <strong>Pakistan’s foreign exchange reserves has further fallen. According to the State Bank of Pakistan, the foreign exchange reserves held…

2 years ago

With Sri Lanka in mind Bangladesh minister warns against China’s BRI lending

<p> <strong>Bangladesh Finance Minister AHM Mustafa Kamal has come out openly warning countries to be watchful of Chinese loans which…

2 years ago

Has IMF’s war on fuel subsidies pushed Sheikh Hasina of Bangladesh in a tight spot?

<p> <strong>Bangladesh’s sudden decision to hike fuel prices by about 50 per cent at one stroke– the highest since independence…

2 years ago

Protests in several parts of Bangladesh as Sheikh Hasina govt hikes fuel prices by over 50%

<p> <strong>Massive protests have erupted in Bangladesh after the Sheikh Hasina government announced fuel price hike by more than a…

2 years ago

Pakistan remains cash starved as IMF and wealthy donor countries play chicken-and -egg

<p> <strong>Pakistan is in a bind.</strong></p> <p> <strong>Cash starved Pakistan’s struggle to secure the much-needed bailout package from the International…

2 years ago

Pakistan in a bind: it urgently needs IMF funds but can’t comply with the tough conditions

<p> <strong>For Pakistan, with foreign exchange reserves of just $9.2 billion—enough for imports for less than two months, the clock…

2 years ago

Pakistan’s forex level drops to the lowest level since December 2019

<p> <strong>Pakistan’s foreign exchange reserves has further dropped to a level of $16.4 billion – the lowest since December 2019…

2 years ago

Recovery in Nepal’s all-important tourism sector remains muted

<p> <strong>Amid fast deteriorating macroeconomic indicators, Nepal’s recovery of tourism and services exports has remained muted, a World Bank report…

3 years ago