The State Bank of Pakistan (SBP) has confirmed that printing of newly designed currency notes will begin once the federal ...

Unfortunately, Pakistan has repeatedly used the exchange rate as a short-term stabilisation tool, often holding it at levels that favour political convenience rather than economic fundamentals. Once ...

Pakistan on Wednesday signed a pact with a company linked to the family of US President Donald Trump to explore integrating a dollar-pegged stablecoin into its national payment system to enable faster ...

As part of its efforts to fight skyrocketing inflation during a period of low foreign reserves, Islamabad is taking action to eliminate the illegal dollar trade after the Pakistani rupee hit a record ...

Pakistan's currency plunged by nearly 7 percent after the government said it would seek emergency bailout loans from the International Monetary Fund (IMF). The Pakistani rupee briefly weakened to 138 ...

KARACHI: The State Bank of Pakistan (SBP) on Friday cancelled the licence of another exchange company over serious violations ...

Pakistan’s money exchange companies will let the currency drop slowly in the open market after deciding to abolish the limit on the dollar-rupee rate. The Exchange Companies Association of Pakistan ...

Pakistan’s foreign exchange reserves are projected to hit a historic $20.2 billion by December 2026, covering three months of ...

IN 1918 a British army officer brought his frayed football to be repaired at a factory in Sialkot, a city in what is now Pakistan. Although more accustomed to making tennis racquets and cricket bats, ...

The black market flow of U.S. dollars across the Afghanistan-Pakistan border is unifying the two countries’ economic crises. On Thursday, the rupee tumbled even more, losing a further 9.6 percent of ...

Faysal Bank Limited (PSX: FABL) has injected Rs. 200 million by way of Rights issue in its Subsidiary FICECL, the bank ...

ISLAMABAD (AP) - Pakistan’s currency has reached a new all-time low against the dollar after the government last week reached a preliminary agreement with the IMF for $6 billion bailout. The Pakistani ...