Pakistan’s foreign exchange reserves, managed by the central bank, saw a substantial increase of $393 million, reaching $4.462 billion by the week ending June 30, according to the latest report by the State Bank of Pakistan. This surge in reserves can be attributed to the inflow of official funds. The total reserves held by the… Read More »
The Pakistani rupee witnessed a significant surge in the interbank market on Tuesday, following a breakthrough deal with the International Monetary Fund (IMF). Bullish Trend in Currency Market Inspired by Pakistan Stock Exchange (PSX) Taking inspiration from the remarkable 5.9% surge in the Pakistan Stock Exchange (PSX) during the first trading session on Monday, the… Read More »
Pakistani Authorities Undertake Decisive Measures to Align Policies with IMF-Backed Economic Reform Programme In a recent statement, Nathan Porter, the mission chief for Pakistan at the International Monetary Fund (IMF), commended the Pakistani authorities for their proactive approach in bringing policies in line with the IMF-supported economic reform programme. These measures, he explained, encompassed various… Read More »