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Time and Money Running Out for Pakistan

October 27th, 2008 Sana · No Comments

Source: Time
You wouldn’t want to be the President of Pakistan: Even as the military finds itself embroiled in a war against militants that much of the country’s elected leadership (and even more of the electorate) opposes, it’s hard even to keep the lights on as the limits of the country’s electricity supply mean daily blackouts […]

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Filed Under: Business · Politics

Pakistan rupee breaks new record low against dollar

July 7th, 2008 Aimon · No Comments

Source : M & G

Pakistan’s troubled rupee slumped to a new record low on Monday against the US dollar over continued political and economic uncertainties, traders said.
The rupee plunged to 71.10 against the dollar to trade at 70.50/71 in the open market during the afternoon trade.
The fresh decline was lower even from Thursday’s rate which […]

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Filed Under: Business

Pakistani rupee falls as market awaits central bank meeting

June 30th, 2008 Aimon · 1 Comment

Source: Business

The Pakistani rupee on Monday hit a new low versus the US dollar as traders looked for triggers from an upcoming central bank meeting.
The rupee was trading at 68.30 against the dollar in the interbank market, down from 67.85 last week due to uncertainty over interest rate policy by the central State Bank of […]

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Filed Under: Business

Weak rupee signals trouble for Pakistan

May 10th, 2008 Sana · No Comments

Source: Chron
KARACHI, Pakistan — Pakistan’s currency edged toward an all-time low against the U.S. dollar Thursday amid anxiety about the new government’s ability to contain inflation as well as budget and trade deficits swollen by rising oil prices.
Since late February, the rupee has fallen about 8 percent against the dollar, which was trading at 67.15 […]

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Filed Under: Business