The dollar has been on the rise recently

The money will boost Pakistan’s foreign exchange reserves

This will raise Pakistan’s foreign exchange reserves

The dollar is trading at 138.3

It is currently trading at Rs138.5

He has to reply to the notice within 45 days

Overall foreign investment into Pakistan declines by 77%

The dollar may become more expensive if forex reserves are not increased

More than 60% of the money Pakistan borrowed last year was meant to keep the country’s foreign exchange reserves high enough to avoid bankruptcy

Former Prime Minister Nawaz Sharif has asked NAB chairman Justice (r) Javed Iqbal to produce evidence to support his claim that the former PM had sent $4.9 billion to India.  “The allegation is so serious and shameful that ignoring it would mean destabilising the political, democratic and constitutional system of Pakistan,” the former PM said,…

KARACHI: The State Bank of Pakistan said it will continue to closely monitor developments in the foreign exchange markets and ensure stability in the financial markets. In a statement, the Bank said the current exchange rate is broadly aligned with the economic fundamentals. It said the Pakistani rupee-US dollar exchange rate in the inter-bank market…

MUMBAI: India authorities on Wednesday quizzed Bollywood superstar Shah Rukh Khan in connection with allegedly irregularities in sale of shares of Knight Riders Sports Pvt Ltd (KRSPL) to a Mauritius-based company, according to Indian media reports. Bollywood actress Juhi Chawla, her husband Jay Mehta and Shah Rukh Khan are co-owners of the KRSPL. According to…