Pakistan rupee falls to new low, closes at 236 against dollar in interbank
The dollar has come under renewed pressure amid higher demand from importers.
Pakistan
Pakistani Met office forecasts more countrywide rains
Projected to continue from July 27 to 31, the Pakistan Meteorological Department warned about urban and flash flooding, along with landslides across the country.
Risk of a perfect storm in Pakistan
In a scenario where panic sets in and speculative pressures mount, people start converting rupees into dollars as a hedge against risk.
11 killed as rain continues to lash Karachi for second day
Power supply was also suspended in areas where a large amount of rainwater had accumulated.
Prevailing in the power game will be in vain if the economy tanks
The tenuous state of the economy urges an end to political turmoil and calls for responsible economic management in the months ahead.
Is the rupee too weak to recover?
For a long time to come, the country may have to continue external borrowings, just to retire or service old external debts and to keep bare minimum forex reserves.
50 houses swept away as flash floods wreak havoc in Upper Kohistan: official
A local activist’s estimates of the devastation were much higher, however, while another accounted for the challenges of being cut off from the electric grid and potable water.
Sindh govt declares public holiday on Monday due to unrelenting rain
Declaring the holiday in Karachi and Hyderabad, the announcement was made after at least three people died due to rain-related incidents.
Despite global inflation, Pakistan not as vulnerable as people think: Bank head
Fears have risen about Pakistan’s stuttering economy as the rupee fell nearly eight per cent against the US dollar in the last trading week.
Pakistan strongly condemns India’s ‘continued persecution’ of Kashmiri leader Yasin Malik
The statement said India had employed judiciary as a tool to damage the morale of Kashmiris by subjecting their leadership to “flagrant prejudice”.