IMF to Review $7 Billion Bailout for Pakistan Today

The International Monetary Fund (IMF) Executive Board will meet today to review Pakistan’s request for a 37-month, $7 billion Extended Fund Facility. This crucial step comes after Pakistan successfully met all prior conditions set by the IMF. As a result, the approval of this bailout is highly anticipated. Pakistan’s economy has faced significant challenges in …

The Dollar continues to depreciate

Karachi: The US dollar depreciated against the rupee in both the foreign exchange markets on Friday. As a result, the dollar lost another 20 paise to close at Rs 160.30 in the open currency market. In the interbank market, the dollar fell further by 18 paise to close at Rs 160.10. Read, Gold prices rose in …

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