As part of its efforts to fight skyrocketing inflation during a period of low foreign reserves, Islamabad is taking action to eliminate the illegal dollar trade after the Pakistani rupee hit a record ...

Fitch Ratings has affirmed Pakistan’s long-term foreign currency rating at ‘B-’ with a stable outlook. The agency cited progress on fiscal consolidation and macro stability, while warning that energy ...

Pakistan’s money exchange companies will let the currency drop slowly in the open market after deciding to abolish the limit on the dollar-rupee rate. The Exchange Companies Association of Pakistan ...

By Zubair Yaqoob Pakistan’s pursuit of economic stability often centers on exports, remittances, and external financing. Yet ...

With inflation cooling, Pakistan’s central bank hit pause on its multiple rounds of monetary easing that might have risked destabilising its currency or worsening the trade deficit. Economists said ...

The Pakistani rupee has become the top performer in global currency markets. It gained 8% from a record low in early September, after a government clampdown on illicit dollar trade. The currency's ...

Largest single day fall in over two decades: analysts Pakistan's rupee in free fall after artificial cap removed The move aims at meeting demands set by IMF Pakistan desperately needs external ...

KARACHI, Pakistan, Sept 1 (Reuters) - Pakistan's inflation rate stayed above target at 27.4% in August, data showed on Friday, as reforms set out as conditions for an IMF loan complicate the task of ...