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PKR reverses course, falls by Rs5 in open market

PKR reverses course, falls by Rs5 in open market

(MANEND NEWS): The rupee fell 1.6 per cent against the US dollar in the open market on Monday, changing course after appreciating sharply towards the end of last week. According to the Forex Association of

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Pakistan keen to cut a ‘new’ IMF deal

Pakistan keen to cut a ‘new’ IMF deal

ISLAMABAD, (MANEND NEWS): Amid a stalemate on securing a bailout from the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif has informed fund’s Managing Director Kristalina Georgieva about Pakistan’s intention to secure a new bailout.

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Rupee recovers sharply in open-market trade against USD

Rupee recovers sharply in open-market trade against USD

KARACHI, (MANEND NEWS): Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295 against the US dollar in the open market at around midday

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IMF spells out terms to unlock bailout

IMF spells out terms to unlock bailout

ISLAMABAD, (MANEND NEWS): The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime Minister Shehbaz Sharif contacted Managing Director Kristalina Georgieva to revive

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