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Court sentences three men to five years in prison amid Pakistan crackdown on illegal currency trade

  • The crackdown was prompted by a slide in worth of rupee, which fell to a 22-month low of Rs284.97 against the US dollar last month
  • Burdened by over $58 billion in imports in last fiscal year, Pakistan faces severe inflationary pressure whenever greenback strengthens
By KASHIF IMRAN ·

Currency dealers, financial experts attribute Pakistani currency’s stability to army-backed measures

By KHURSHID AHMED    ·

Pakistan’s military helps stifle currency black market to stabilize rupee

By Reuters ·

Pakistan’s national currency makes historic recovery against USD in open market — currency dealers

By KHURSHID AHMED    ·

Pakistani rupee hits record low over evasive IMF bailout deal, political turmoil

By KHURSHID AHMED  ·

Moody’s downgrades Pakistan’s currency and debt ratings, changes outlook to ‘stable’ 

By KASHIF IMRAN ·

Saudi Arabia remains largest source of remittances to Pakistan in January 2023

By KHURSHID AHMED    ·

In-Focus

Pakistan India Tensions
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Pakistan calls for reset in South Asia as dialogue with India hits 11-year freeze
Pakistan says India blocking aid flight to Sri Lanka after cyclone kills over 400
Pakistan condemns Indian minister’s ‘revisionist’ remarks about Sindh province
Islamabad extends airspace ban on Indian aircraft until Dec. 24 as tensions persist
Read more

Global credit rating agency says Pakistan’s external position under significant stress

By Reuters ·

Pakistan’s currency to weaken further, exacerbate inflationary pressure – Fitch Ratings

By Arab News Pakistan ·

Pakistan finance minister blames ex-PM Khan for current economic meltdown

By KASHIF IMRAN ·

Pakistan, Egypt, Turkey among seven emerging economies facing currency crisis

By Reuters ·

Pakistani rupee plunges to new record low against dollar amid rising demand for imports

By KHURSHID AHMED    ·

Pakistan equities shed 518 points as national currency continues to recover against USD

By KHURSHID AHMED    ·

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