Pakistan has officially commenced discussions with the International Monetary Fund (IMF) for the first review of the $7 billion Extended Fund Facility (EFF) secured last year. The talks, held in…
The Economic Advisory Council (EAC) has advised Prime Minister Shehbaz Sharif to take measures to maintain export competitiveness by easing pressure on the local exchange rate. During the meeting, some…
Decline in Pakistan’s Foreign Exchange Reserves Continues The State Bank of Pakistan (SBP) reported another decline in foreign exchange reserves on a weekly basis, according to data released on Thursday,…
Moody’s Investors Service has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3, reflecting improved macroeconomic conditions and better government liquidity and external…
US Dollar Missing from Open Market After Pakistani Rupee’s Rise. The Pakistani rupee began the week on a positive note against the US Dollar today, opening trading at 280 in…
