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Pakistani rupee

Pakistani money in Swiss banks down by one-third to hit record low

The Pakistani money in Swiss banks had fallen by over 20 percent in 2017 (to CHF 1,115 million) and by 6 percent in 2016. Before that in 2015, these funds had risen 16 percent.

Jun 28, 2019, 10:44 AM IST

Pakistan to miss all key economic targets: Report

Livestock is the only sector with a positive story. Every other major sector - industrial, manufacturing, agricultural and service - is faring far below the intended targets.

Jun 09, 2019, 13:59 PM IST

One dollar equals 146 Rupees: How Pakistani currency is at its crumbling worst

The Pakistani government has maintained there is no need to panic because an IMF bailout package, it says, will normalise the situation.

May 15, 2019, 18:14 PM IST

Facing heat over crumbling economy, Pakistan's finance minister steps down

Asad Umar had been facing enormous heat - particularly from political rivals - at a time when the Pakistani economy is in absolute shambles.

Apr 18, 2019, 15:17 PM IST

Pakistani currency tumbles but finance minister focuses on critics

For each American dollar, one can get 145 Pakistani rupees. Asad Umar, however, says he is against artificially maintaining the exchange rate.

Apr 08, 2019, 19:36 PM IST

Pakistani rupee tumbles about 5% in apparent central bank devaluation

The central bank runs what is widely seen as a managed float, though its official stance is that the currency is freely traded.

Oct 09, 2018, 15:53 PM IST

Pakistani rupee tumbles as central bank faces a crisis

The central bank declined to say whether it had devalued the currency.

Jul 17, 2018, 13:29 PM IST

Pakistani rupee continues to rise against US dollar

Currently, the interbank trading rate of the currency is 98.30 per US dollar.

Mar 12, 2014, 15:28 PM IST

Pak receives $554 million as part of IMF bailout loan

Pakistan has received USD 554 million as the second tranche of a USD 6.7 billion bailout loan from the IMF to help Islamabad implement economic reforms and solve an energy crisis.

Dec 24, 2013, 22:40 PM IST

Pakistani rupee hits 100-mark Vs US dollar in open market

The Pakistani rupee on Thursday hit the 100-mark against the US dollar in open market deals Thursday on concerns over rising exports and an uncertain political scenario.

Apr 25, 2013, 15:19 PM IST