07.06.2024, 08:45
Vlkp Govt to borrow Rs200b to retire circular debt
KARACHI:The rupee ended steady at 98.4/ 98.6 against the dollar compared to Thursday s close of 98.40/98.60. Heavy debt repayments to the International Monetary Fund (IMF) have dented the central bank s reserves, which have declined significantly, putting pressure on the rupee. Pakistan paid the 30th loan installment of $109 million to the IMF on April 1. According to data provided by the State Bank of Pakistan, overseas Pakistanis remitted $9.033 billion between Jul adidas yeezy y and January of the current fiscal year. They had sent home a record $13.92 billion in the previous fiscal year (July 2012-June 2013), a growth of 5.56% or $733.64 million compared with $13.187 billion a year earlier.Published in The Express Tribune, May 24th, 2014. Like airmaxplus 聽Business on Facebook, follow @TribuneBiz聽on Twitter to stay informed and join in dunk homme the conversation. KARACHI:Fitch Ratings has downgraded Pakistan 39;s long-term foreign-currency issuer default rating (IDR) to 39;CCC+ 39; from 39;B- 39; on the day the Asia new balance donna n Dev newbalance elopment Bank (ADB) approved financing of $1.5 billion for the country and the Financial Action Task Force (FATF) upgraded Islamabad to its white-list from t nb he grey one.
KARACHI:The rupee ended steady at 98.4/ 98.6 against the dollar compared to Thursday s close of 98.40/98.60. Heavy debt repayments to the International Monetary Fund (IMF) have dented the central bank s reserves, which have declined significantly, putting pressure on the rupee. Pakistan paid the 30th loan installment of $109 million to the IMF on April 1. According to data provided by the State Bank of Pakistan, overseas Pakistanis remitted $9.033 billion between Jul adidas yeezy y and January of the current fiscal year. They had sent home a record $13.92 billion in the previous fiscal year (July 2012-June 2013), a growth of 5.56% or $733.64 million compared with $13.187 billion a year earlier.Published in The Express Tribune, May 24th, 2014. Like airmaxplus 聽Business on Facebook, follow @TribuneBiz聽on Twitter to stay informed and join in dunk homme the conversation. KARACHI:Fitch Ratings has downgraded Pakistan 39;s long-term foreign-currency issuer default rating (IDR) to 39;CCC+ 39; from 39;B- 39; on the day the Asia new balance donna n Dev newbalance elopment Bank (ADB) approved financing of $1.5 billion for the country and the Financial Action Task Force (FATF) upgraded Islamabad to its white-list from t nb he grey one.