When benefactors become villains
In recent years, as Pakistan has hurtled from one catastrophe to another, remittances sent by Pakistani workers living abroad have been a source of some small amount of stability.
In recent years, as Pakistan has hurtled from one catastrophe to another, remittances sent by Pakistani workers living abroad have been a source of some small amount of stability.
The government needs to deal with the foreign exchange crisis. Instead of denying the fact that a serious problem exists and hoping that hoped for future flows of foreign exchange would ease the situation, the government needs to take concrete steps to rectify the situation immediately. In a rationally argued position paper, the Pathfinder Foundation has recommended that the government goes to the IMF to secure financial assistance.
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $748 million to $566.988 billion.
Global oil benchmark Brent crude futures rose 0.41 per cent to USD 68.74 per barrel.
ED sources also said the probe agency will impose a penalty and confiscate the illegal acquisition of foreign exchange recovered from J-K separatist leader Yasin Malik.
India’s foreign exchange (Forex) reserves kitty increased by $1.20 billion as on November 24, 2017, official data showed on Friday.…
The rupee depreciated 10 paise to 64.51 against the US dollar in early trade on Wednesday at the interbank foreign…
The rupee depreciated by 7 paise to 64.57 against the US dollar in early trade on Tuesday at the inter…
Financial services provider Tata Capital on Monday announced that it has signed a definitive agreement to divest its foreign exchange…
More than two decades after it triggered a political landslide, a case arising out of the hawala Jain diaries has…