16.06.2024, 07:18
Upsk Currency Rupee weakens against dollar
ISLAMABAD:The friendly Muslim country that a beaming Ishaq Dar had referred to during his press conference on Wednesday, was revealed to be Saudi Arabia on Thursday, having loaned cash-strapped Pakistan $1.5 billion this week to shore up its reserves.Pakistan had last month sought Riyadh s help to shore up its foreign exchange reserves and meet debt-servi air max97 ce obligations and undertake l air max uomo arge energy and infrast dunk femme ructure projects, Pakistani officials have told Reuters.The cash injection boosted reserve figures and helped the rupee rise to a nine-month high against the greenback聽of Rs97.40 from 105.40 against the dollar between March 4 and 12. This is the strongest rally of the rupee in 30 years. On a personal guarantee of the prime minister, Saudi Arabia has given $1.5 billion, which has helped bail out the rupee, one senior Pakistani government official close to the deal told Reuters, requesting anonymity as he was not authorized to disclose the source and purpose of the funding.The gover RAWALPIND air max 1 I:The residents of several cantonment areas have urged the Rawalpindi Cantonment Board (RCB) to remove encroachments, which are creating pr newbalance schuhe oblems for citizens during day-to-day lif nb 550 e.
ISLAMABAD:The friendly Muslim country that a beaming Ishaq Dar had referred to during his press conference on Wednesday, was revealed to be Saudi Arabia on Thursday, having loaned cash-strapped Pakistan $1.5 billion this week to shore up its reserves.Pakistan had last month sought Riyadh s help to shore up its foreign exchange reserves and meet debt-servi air max97 ce obligations and undertake l air max uomo arge energy and infrast dunk femme ructure projects, Pakistani officials have told Reuters.The cash injection boosted reserve figures and helped the rupee rise to a nine-month high against the greenback聽of Rs97.40 from 105.40 against the dollar between March 4 and 12. This is the strongest rally of the rupee in 30 years. On a personal guarantee of the prime minister, Saudi Arabia has given $1.5 billion, which has helped bail out the rupee, one senior Pakistani government official close to the deal told Reuters, requesting anonymity as he was not authorized to disclose the source and purpose of the funding.The gover RAWALPIND air max 1 I:The residents of several cantonment areas have urged the Rawalpindi Cantonment Board (RCB) to remove encroachments, which are creating pr newbalance schuhe oblems for citizens during day-to-day lif nb 550 e.