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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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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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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INTERBANK CLOSING: Rupee hits historic low at PKR 290.22 to dollar
The Pakistani Rupee (PKR) Wednesday hit a historic low against the US dollar, reaching PKR 290.22 at the closing of the interbank foreign exchange market. This depreciation follows the previous record low of PKR 288.43, observed in April.
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Telecom operators count losses as Internet shutdown takes a toll on Pakistan’s economy
In a dramatic turn of events, the arrest of former Prime Minister Imran Khan has plunged Pakistan into a state of turmoil, triggering massive protests across the nation.
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Dollar hits PKR 290 at intraday trading on May 10, 2023
In a significant blow to Pakistan’s economy, the Pakistani Rupee (PKR) plunged to a historic low against the US dollar, reaching PKR 290 during intraday trading at the interbank foreign exchange market on Wednesday. This depreciation follows the previous record low of PKR 288.43, which occurred in April.
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PKR crashes to historic low against dollar at 288.50 in midday trading
In a significant blow to Pakistan’s economy, the Pakistani Rupee (PKR) experienced a historic low against the dollar, reaching PKR 288.50 during midday trading at the interbank foreign exchange market on Wednesday, May 10, 2023. This plunge follows the previous record low of PKR 288.43, which occurred during the interbank foreign exchange closing on April 11, 2023.
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