The South Asian country this week suffered a horrific bombing attack on a mosque that took at least 100 lives. On Jan. 24, the country's 230 million residents were hit with a nationwide blackout. At ...

As part of its efforts to fight skyrocketing inflation during a period of low foreign reserves, Islamabad is taking action to eliminate the illegal dollar trade after the Pakistani rupee hit a record ...

Currency dealers in Karachi say the Iranian rial has strengthened during the conflict, with demand rising due to increased ...

KARACHI/PESHAWAR, Pakistan, Sept 14 (Reuters) - When the military was called on to help defend Pakistan's ailing currency, licensed foreign exchange traders cheered while their black market rivals in ...

ISLAMABAD (Reuters) - The Pakistani rupee plunged about 7 percent on Tuesday in an apparent central bank devaluation, while the stock market snapped a six-day skid after the government said it plans ...

Add Yahoo as a preferred source to see more of our stories on Google. (Bloomberg) -- Pakistan has taken a first step toward reviving its bailout program with the International Monetary Fund by easing ...

The Pakistani rupee has fallen 20% against the dollar this year, Bloomberg reported. That's after spiking in October, as demand for the rupee surged on a clampdown on illicit dollar transactions. But ...

ISLAMABAD, July 5 (Reuters) - Pakistan on Tuesday approved imports from neighbouring Afghanistan in exchange for local currency, a move mainly aimed at buying coal to help ease an energy shortage. The ...

Pakistan, April 22 -- The State Bank of Pakistan (SBP) has lifted long-standing restrictions on banking services for licensed ...

By Zubair Yaqoob Pakistan’s pursuit of economic stability often centers on exports, remittances, and external financing. Yet ...

International Monetary Fund officials are in Islamabad for make-or-break talks over unlocking a $7 billion bailout fund. IMF officials want to see Pakistan's government implement fiscal reforms before ...