As part of its efforts to fight skyrocketing inflation during a period of low foreign reserves, Islamabad is taking action to eliminate the illegal dollar trade after the Pakistani rupee hit a record ...

Pakistan’s money exchange companies will let the currency drop slowly in the open market after deciding to abolish the limit on the dollar-rupee rate. The Exchange Companies Association of Pakistan ...

With inflation cooling, Pakistan’s central bank hit pause on its multiple rounds of monetary easing that might have risked destabilising its currency or worsening the trade deficit. Economists said ...

By Zubair Yaqoob Pakistan’s pursuit of economic stability often centers on exports, remittances, and external financing. Yet ...

The Pakistani rupee has become the top performer in global currency markets. It gained 8% from a record low in early September, after a government clampdown on illicit dollar trade. The currency's ...