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Rupee Surges to 285 in Open Market On IMF News

The Pakistani rupee (PKR) appreciated to 285 against the US Dollar (USD) in the open market today in tandem with last week’s interbank close of 285.9, following the stand-by agreement on a $3 billion bailout with the International Monetary

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Pakistan’s Trade Deficit Shrinks by 43% in FY23

Pakistan’s trade deficit narrowed by 43.03 percent to $27.547 billion during the fiscal year 2022-23 (July-June) as compared to $48.354 billion during the same period of last year, the Pakistan Bureau of Statistics (PBS) said.The country’s exports dur…

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Will IMF deal end Pakistan’s economic misery?

Irfan Ali, a 22-year-old resident of Rawalpindi, has been struggling to make ends meet over the past year.Pakistan’s grave economic crisis has resulted in massive layoffs during this period and Ali, who was working for a real estate firm,

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