Pakistan Currency-Crisis Odds Exceed 50% as Floods Undo Progress

A Pakistani dealer counts US dollars at a currency exchange shop in Karachi, Pakistan, on October 9, 2018. (AFP/File)
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Updated 05 October 2022

Pakistan Currency-Crisis Odds Exceed 50% as Floods Undo Progress

October 4: Bloomberg has reported that the odds of Pakistan facing a currency crisis in the next 12 months now exceed 50% following floods that killed thousands of people and displaced millions more, a Bloomberg Economics risk model showed. Read more I 


Ex-Pakistan Navy chief Saeed Khan passes away

Updated 1 min 2 sec ago

Ex-Pakistan Navy chief Saeed Khan passes away

December 5: Former Pakistan Navy chief Admiral Saeed Mohammad Khan passed away in Islamabad, BOL News reported Monday quoting Pakistan Navy spokesperson.

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PIA plane makes emergency landing at Karachi airport

Updated 1 min 5 sec ago

PIA plane makes emergency landing at Karachi airport

December 5: A Pakistan International Airlines (PIA) plane from Islamabad to Jeddah made emergency landing at Karachi’s Jinnah International Airport after developing a ‘technical fault’, ARY News reported on Sunday.

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PM to inaugurate refurbishment project of Mangla Dam units

Updated 1 min 7 sec ago

PM to inaugurate refurbishment project of Mangla Dam units

December 5: Prime Minister Shehbaz Sharif will visit Mangla Dam today (Monday) where he will inaugurate refurbishment and renovation project of the Mangla hydel power station, Dunya News reported Monday.

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Balochistan to get Rs2.6bn from Saindak project’s profit

Updated 1 min 10 sec ago

Balochistan to get Rs2.6bn from Saindak project’s profit

December 5: The Saindak Metals Limited (SML), tasked with mining copper and gold from the region, would pay Balochistan a share of around Rs2.6 billion from the project’s profit next week in view of the financial crisis being faced by the province, Dawn reported Monday.

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Pakistan seeks help from Bank of China to tackle economic crisis

Updated 30 November 2022

Pakistan seeks help from Bank of China to tackle economic crisis

November 30: GEO News reported in view of the prevailing economic crisis, Pakistan on Tuesday sought help from the Bank of China to restore economic stability in the country. Read more I