Barely 14 months ago, the country's reserves were dangerously low – just enough to cover a month's worth of imports. The ...

A sharp $220.58 million worth of goods crossed into Pakistan from across the eastern border. Last year, it was slightly lower ...

Pakistan's crisis is so bad that it has put its embassy property in Washington on sale, and directed shopping malls, wedding halls, restaurants, and markets to close early to conserve energy ...

The odds of Pakistan facing a currency crisis in the next 12 months now exceed 50% following floods that killed thousands of people and displaced millions more, a Bloomberg Economics risk model ...

Out of the Rs1.25 trillion, about Rs660 billion will be settled against the Power Holding Limited debt. This debt had been ...

Pakistan’s currency endured its worst week in more than two decades, reflecting investors’ worries that the country risks following Sri Lanka to become the next emerging economy to default on ...

The current currency crisis is near-identical to one in the run-up to the last election in 2013, which was won by Sharif. Weeks after taking power, PML-N obtained a $6.7 billion IMF bailout.

Currency issues and cost-of-living crises in Pakistan are inextricably linked. A more expensive dollar makes fuel more expensive, and these price increases are quickly reflected in daily essentials.

Pakistan economic crisis worsens, currency sees highest 1-day crash in 20 years The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand ...

PESHAWAR, Pakistan — The government of Pakistan has come under criticism after an official urged people to drink less tea to help the country’s struggling economy.

Whoever wins next week's election in Pakistan will have to urgently resolve a currency crisis that threatens to put the brakes on the fast-growing economy, with the most likely solution being ...