Rupee Crisis
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Pakistan Rupee Tumbles To Record As Military To Quell Unrest
Pakistan's rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.
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Pakistan To Cut Expenses Of Ministers, Advisers By 15% In Austerity Drive
Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it 200 billion rupees ($766 million) a year, Prime Minister Shehbaz Sharif said today.
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Pakistan, IMF At Odds Over Rs 900 Billion Fiscal Gap: Report
The International Monetary Fund (IMF) and the Government of Pakistan are at a stalemate over 900 billion rupees fiscal gap, a major stumbling block in striking a staff-level agreement, reported Geo News.
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IMF Rejects Pakistan's Revised Circular Debt Management Plan: Report
The International Monetary Fund (IMF) review mission has rejected Pakistan's revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees
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Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
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Pakistan Rupee Slumps To Record Low, Crisis-Hit Nation Seeks Bailout
Pakistan's currency has fallen to a record low of Rs. 255 against the US dollar, according to local media reports.
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Tamil Nadu, Maharashtra Face Action For Unpaid Electricity Bills
India has blocked nearly half the country's provinces from accessing spot power exchanges after they failed to pay bills worth 51 billion rupees ($640 million), as it implements new rules aimed at forcing states to make timely payments.
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Millions Found Inside Former Lanka President's House Produced In Court: Report
Sri Lankan police have produced before a court millions of rupees in cash found by anti-government protesters inside former President Gotabaya Rajapaksa's official residence after he fled the mansion following mass uprising against his government.
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Exclusive: Inside The Secret Bunker At Lanka Presidential Palace
Earlier today, protesters discovered 17.85 million in Sri Lankan rupee (about $50,000) from the palace in crisp new banknotes but turned it over to police, news agency AFP reported.
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$50,000 In Crisp New Notes Found By Protesters At Lankan President's Home
Millions of rupees in cash left behind by Sri Lanka's president when he fled his official residence was handed over to a court Monday after being turned in by protestors, police said as a succession battle got under way.
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Found Millions At President's House, Lankan Protesters Claim: 10 Points
The anti-government protesters in Sri Lanka who broke into embattled President Gotabaya Rajapaksa's official residence have claimed to have recovered millions of rupees inside his mansion, according to a media report on Sunday.
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On Maharashtra Crisis, Mamata Banerjee's "BJP Spending Crores" Dig
West Bengal Chief Minister Mamata Banerjee on Tuesday alleged that the BJP was spending crores of rupees to topple the Shiv Sena-led government in Maharashtra, further raising concerns over the fate of the country's federal structure.
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In Crisis-Hit Sri Lanka, Petrol Now Costs Rupees 420 A Litre, Diesel 400
Crisis-hit Sri Lanka today raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves.
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Crisis-Hit Sri Lanka Hikes Rates As Protests Intensify
Cash-strapped Sri Lanka's central bank hiked interest rates by a record 700 basis points Friday, in a bid to support the tumbling rupee as the country faces a dire economic crisis.
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Pakistan Rupee Drops To Historic Low Against Dollar Amid Political Crisis
The Pakistan rupee dropped to a historic low of 191 rupees to the dollar Thursday as an ongoing political crisis rocked confidence in the currency.
-
Pakistan Rupee Tumbles To Record As Military To Quell Unrest
Pakistan's rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.
-
Pakistan To Cut Expenses Of Ministers, Advisers By 15% In Austerity Drive
Pakistan's government will cut back allowances and travel expenses of ministers and advisers as part of an austerity drive that will save it 200 billion rupees ($766 million) a year, Prime Minister Shehbaz Sharif said today.
-
Pakistan, IMF At Odds Over Rs 900 Billion Fiscal Gap: Report
The International Monetary Fund (IMF) and the Government of Pakistan are at a stalemate over 900 billion rupees fiscal gap, a major stumbling block in striking a staff-level agreement, reported Geo News.
-
IMF Rejects Pakistan's Revised Circular Debt Management Plan: Report
The International Monetary Fund (IMF) review mission has rejected Pakistan's revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees
-
Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
-
Pakistan Rupee Slumps To Record Low, Crisis-Hit Nation Seeks Bailout
Pakistan's currency has fallen to a record low of Rs. 255 against the US dollar, according to local media reports.
-
Tamil Nadu, Maharashtra Face Action For Unpaid Electricity Bills
India has blocked nearly half the country's provinces from accessing spot power exchanges after they failed to pay bills worth 51 billion rupees ($640 million), as it implements new rules aimed at forcing states to make timely payments.
-
Millions Found Inside Former Lanka President's House Produced In Court: Report
Sri Lankan police have produced before a court millions of rupees in cash found by anti-government protesters inside former President Gotabaya Rajapaksa's official residence after he fled the mansion following mass uprising against his government.
-
Exclusive: Inside The Secret Bunker At Lanka Presidential Palace
Earlier today, protesters discovered 17.85 million in Sri Lankan rupee (about $50,000) from the palace in crisp new banknotes but turned it over to police, news agency AFP reported.
-
$50,000 In Crisp New Notes Found By Protesters At Lankan President's Home
Millions of rupees in cash left behind by Sri Lanka's president when he fled his official residence was handed over to a court Monday after being turned in by protestors, police said as a succession battle got under way.
-
Found Millions At President's House, Lankan Protesters Claim: 10 Points
The anti-government protesters in Sri Lanka who broke into embattled President Gotabaya Rajapaksa's official residence have claimed to have recovered millions of rupees inside his mansion, according to a media report on Sunday.
-
On Maharashtra Crisis, Mamata Banerjee's "BJP Spending Crores" Dig
West Bengal Chief Minister Mamata Banerjee on Tuesday alleged that the BJP was spending crores of rupees to topple the Shiv Sena-led government in Maharashtra, further raising concerns over the fate of the country's federal structure.
-
In Crisis-Hit Sri Lanka, Petrol Now Costs Rupees 420 A Litre, Diesel 400
Crisis-hit Sri Lanka today raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves.
-
Crisis-Hit Sri Lanka Hikes Rates As Protests Intensify
Cash-strapped Sri Lanka's central bank hiked interest rates by a record 700 basis points Friday, in a bid to support the tumbling rupee as the country faces a dire economic crisis.
-
Pakistan Rupee Drops To Historic Low Against Dollar Amid Political Crisis
The Pakistan rupee dropped to a historic low of 191 rupees to the dollar Thursday as an ongoing political crisis rocked confidence in the currency.
