Iran Rial Investment: People in Pakistan are buying cheap Iranian rials. However, experts say this is a very risky investment ...

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 ...

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 (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 ...

The Pakistani rupee is set to end the year as Asia’s worst-performing currency and the losses are seen extending into 2024. The currency has fallen about 20% against the dollar this year and analysts ...

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 ...

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 ...