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Rupee halts free fall

Rupee halts free fall

KARACHI, (MANEND NEWS): In an unexpected turn of events, the relentless depreciation of the Pakistani rupee came to a temporary standstill on Monday, thanks to recent commitments from the army chief and business leaders to

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Rupee falls near Rs325 against US dollar in open market

Rupee falls near Rs325 against US dollar in open market

(MANEND NEWS): On a day marked by the caretaker government’s finance team loudly announcing the country’s economic position was worse than they had anticipated, the rupee’s value continued to decline falling to nearly Rs 325

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Circular debt forecast to jump by Rs545b

Circular debt forecast to jump by Rs545b

ISLAMABAD, (MANEND NEWS): The circular debt is projected to increase by another Rs545 billion by March next year despite a surge in electricity prices as foreign loans pegged with the so-called power sector reforms are

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SBP reserves increase by $12 million to $8.05 billion

SBP reserves increase by $12 million to $8.05 billion

(MANEND NEWS): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $12 million to $8.05 billion on a week-on-week basis, the central bank said in a statement on Thursday. The

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