KARACHI: The Pakistani rupee fell 33 paisas to reach Rs197.92 on Friday as the foreign exchange reserves of the country declined to a record low besides Moody’s downgrading Pakistan’s outlook to negative from stable. The local unit declined 33 paisas to close at Rs197.92 to the dollar from Thursday’s closing of Rs197.59 in the interbank … Read more
KARACHI: The Pakistan’s equity market gained 1.68 per cent during the week ended January 7, 2022, amid rising global commodity prices and likely release of the International Monetary Fund (IMF) tranche, dealers said. The market outlook is guided by expected improvement on the external front through available financing from multilateral sources with the International Monetary … Read more
KARACHI: Pakistan’s external debt and liabilities have increased $13 billion, or 11.4 per cent, during the last one year, according to the statistics released by the State Bank of Pakistan (SBP) on Thursday. The outstanding debt and liabilities of the country stood at $127 billion by September 2021, compared with $114 billion over the same … Read more
