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Rupee slides to 265.83 in interbank market over IMF concerns

Rupee slides to 265.83 in interbank market over IMF concerns

KARACHI, (MANEND NEWS): The Pakistani currency nosedived 1.65% (or Rs4.33) to Rs265.83 against the US dollar in the interbank market at 12:45 pm on Wednesday. The latest drop follows the International Monetary Fund (IMF) expressing

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Govt agrees to increase interest rate by 200bps

Govt agrees to increase interest rate by 200bps

ISLAMABAD, (MANEND NEWS): Pakistan has accepted another pre-condition of the International Monetary Fund (IMF) for the release of $1.1 billion critical funding – a part of $6.5 billion bailout package – as the government agreed

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Rupee to continue winning streak against dollar in coming week

Rupee to continue winning streak against dollar in coming week

KARACHI, (MANEND NEWS): The rupee is likely to maintain its upward trend against the dollar in the coming week owing to a major boost in the foreign exchange reserves as the nation received $700 million

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Pakistan ‘agrees’ to raise policy rate by 2% under IMF pressure

Pakistan ‘agrees’ to raise policy rate by 2% under IMF pressure

(MANEND NEWS): As the economic crisis in Pakistan worsens with depleting foreign currency reserves barely enough to pay for three weeks worth of imports, the country agreed on Saturday before the International Monetary Fund (IMF)

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