Move part of measures to conform with IMF pre-conditions for release of $1.18bn tranche.
Bajwa's conversation with Wendy Sherman on early release of IMF tranche reported by media; COAS, Centcom chief discuss security.
Pakistan’s external position weakens against the backdrop of higher commodity prices and a weakening rupee, it says.
“Inflationary and external sector risks are building macroeconomic imbalances in the economy," the ministry says.
Automobiles, cell phones and electronics excluded; petroleum dealers’ commission raised 70pc.
Analyst blames country’s political situation, government’s lack of action for rupee's decline.
Stronger leadership and improved communication are needed, along with broader policy options.
AMID panic in the domestic capital markets, the acting State Bank governor has taken it upon himself to soothe ...
10-gram rate soars by Rs2,143 to Rs130,315.
Appreciates significant growth in exports from Pakistan to the US.
PML-N-led coalition govt posts second-highest quarterly deficit of $4.3bn.
Analyst says pressure on local currency to persist as long as dollar shortage prevails.
Says inflows of dollars into Pakistan will soon be higher than the outflow, resulting in a stable exchange rate.
Analyst attributes decline to LC payments for oil, exporters interested in quick earnings from rupee depreciation.
The greenback is now at a 20-year high against other world currencies.
Bankers say an emergency should be declared to fix the balance of trade.
The currency’s value will continue to be determined essentially based on forex demand and supply, which the SBP can influence.
Without a national consensus on major economic decisions, Pakistan will continue spiralling down.
Tenuous state of economy urges end to political turmoil and calls for responsible economic management in months ahead.
If sustained development project is to take root in Pakistan, it would've to be built on idea greater than ‘IMF has asked for it’.
The import bill outstrips export earnings by a wide margin every year and results in a shortage of dollars in the local market.
A day earlier, the cabinet approved an ordinance pertaining to the sale of national assets in a bid to overcome economic crisis.
Says $33.5 billion in gross external financing needs will be met “comfortably” with $35.9bn in available financing.
It’s time to go back to the basics, which may be termed as Solution 101 — ‘earn more and borrow less’.
Tariff for those consuming 101-200 units per month increased by Rs7.21, rate for consumers using 201-300 units goes up by Rs8.31.
Analyst says rupee's decline a "bitter fact", but not an exception.
After an initial 290-point plunge, market recovers to close at 40,077.30 points, up 245.55.
Islamabad views Washington as an important partner in efforts to revive Pakistan’s economy, SAPM Tariq Fatemi tells US official.
Urge govt to fix dollar rate, appoint SBP chief and declare economic emergency.
Influential group of international investors welcomes govt’s "bold policy measures" but laments high taxes, rupee’s slide.