In early trade, the Pakistani Rupee (PKR) achieved a historic recovery against the dollar, strengthening by 13.93 and trading at PKR 285 in the interbank foreign exchange market.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Pakistan’s economy grapples with stagflation: IMF
In the face of a challenging economic situation marked by stagflation, severe floods, and substantial financing needs, Pakistan has actively engaged with the International Monetary Fund (IMF) to address these pressing issues.
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Latest data show Pakistan’s foreign exchange reserves drop to $9.99 billion
Pakistan’s foreign exchange reserves have witnessed a decline, reaching $9.99 billion by the week ending May 5, 2023, according to the latest data released by State Bank of Pakistan (SBP).
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Supreme Court declares arrest of Imran Khan Illegal
In a groundbreaking decision, the Supreme Court of Pakistan has declared the arrest of former Prime Minister Imran Khan as illegal.
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Massive Rs150 billion withdrawal hits Pakistan banking system in April 2023
In April 2023, the banking system in Pakistan experienced a massive withdrawal of Rs150 billion, leading to a decline in total deposits from the previous month’s record high.
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Rupee witnesses bloodbath; hits record low of PKR 298.93 against dollar
The Pakistani Rupee (PKR) on Thursday experienced another day of significant depreciation against the US dollar, hitting a record low at PKR 298.93 in the interbank foreign exchange market.
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Dollar tops PKR 295 in midday trading
The Pakistani Rupee (PKR) on Thursday hit a historic low against US Dollar for second consecutive day. The PKR depreciated to PKR 295 against dollar during the midday trading in interbank foreign exchange market.
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PM Shehbaz Sharif defends Imran Khan’s arrest: warns miscreants
Prime Minister Muhammad Shehbaz Sharif addressed the nation on Wednesday, reiterating that the National Accountability Bureau (NAB) had legally arrested Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on corruption and corrupt practice charges related to the Al Qadir Trust case involving a whopping amount of Rs60 billion (£190 million).
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Gold soars to Rs240,000 per tola in Pakistan as investors seek safe haven
Gold prices in Pakistan skyrocketed to a historic high of Rs240,000 per tola on Wednesday, with 24 karat gold witnessing a massive increase of Rs9,900.
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Pakistan inward remittances drop by 29% in April 2023
According to data released by the State Bank of Pakistan (SBP) on Wednesday, the inflow of foreign remittances into Pakistan has sharply dropped by 29% during the month of April 2023.
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