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KARACHI:
Pakistani currency on Tuesday appreciated Rs0.09 and reached Rs278.31 against the US dollar in the inter-bank market after the International Monetary Fund (IMF) executive board gave final approval for the release of last loan tranche of $1.1 billion.
According to the State Bank of Pakistan (SBP), the rupee had closed at Rs278.40 against…
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ISLAMABAD:
Prime Minister Shehbaz Sharif expressed hope for economic stability on Tuesday, a day after the International Monetary Fund (IMF) approved the disbursement of the final tranche worth $1.1 billion.
The IMF executive board completed the second review under the Stand-By Arrangement (SBA) reached last year, allowing for the last tranche to be immediately disbursed. This would bring the…
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ISLAMABAD:
The central bank has purchased over $5 billion from the market during this fiscal year, a record amount that is equal to two-thirds of Pakistan’s official foreign exchange reserves and also far higher than the size of the International Monetary Fund (IMF) bailout package.
While the central bank’s intervention has kept foreign currency…