A meeting of FATF member states is due to take place next week in Paris, where the organization could adopt the motion on Pakistan. The FATF, an intergovernmental body based in Paris, sets global standards for fighting illicit finance. Pakistan's de ...
more| 02 Feb 2018 14:48 | Daily Times |
Last year, the Pakistani rupee suffered the greatest devaluation witnessed in the last 10 years. On July 5 2017, the rupee fell 3.1 per cent to 108.1 against the dollar, the lowest level since December 2013, according to the data compiled by Bloomberg ...
morePakistan's stocks have been on a tear since mid-December and, according to financial experts CNBC spoke to, a combination of factors are pushing up the Karachi Stock Exchange (KSE).
moreThe Pakistani central bank had been sustaining its policy rate at 5.75 percent for the last one and a half years. It had reduced the key interest rate by 25 basis points in May 2016.
more| 09 Jan 2018 21:41 | The Express Tribune |
ISLAMABAD: Pakistan's currency is likely to come under further pressure due to the widening current account deficit, and any further depreciation weakens the country's debt affordability besides stoking inflation, Moody's credit ratings agency ...
more... the countries," the State Bank of Pakistan release said. The move may have come just a day after Trump's stinging tweet on 'lies and deceit', but had been in the offing since at least mid-December.
more| 17 Dec 2017 01:07 | Asia Times |
A brief devaluation occurred in July this year after intervention by the central bank, but the rupee's value against the dollar was managed.
more| 16 Dec 2017 09:16 | Khaleej Times |
The Pakistani rupee has witnessed volatility during the last week, losing as much as four per cent of its value as the State Bank of Pakistan allowed the currency to depreciate in a controlled manner.
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