Pakistan economic crisis worsens, currency sees highest 1-day crash in 20 years The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand ...

The odds of Pakistan facing a currency crisis in the next 12 months now exceed 50% following floods that killed thousands of people and displaced millions more, a Bloomberg Economics risk model ...

Whoever wins next week's election in Pakistan will have to urgently resolve a currency crisis that threatens to put the brakes on the fast-growing economy, with the most likely solution being ...

Pakistan's crisis is so bad that it has put its embassy property in Washington on sale, and directed shopping malls, wedding halls, restaurants, and markets to close early to conserve energy ...

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. The rupee has been declining for months, but the ...

With its economy on the brink, Pakistan is turning to cryptocurrency not as a choice, but as a last-ditch gamble to escape ...

Barely 14 months ago, the country's reserves were dangerously low – just enough to cover a month's worth of imports. The ...

The political crisis has contributed to a huge exodus of foreign capital and exacerbated the country’s economic problems. As much as $1.2 billion a month was fleeing Pakistan in the northern summer.

Currency issues and cost-of-living crises in Pakistan are inextricably linked. A more expensive dollar makes fuel more expensive, and these price increases are quickly reflected in daily essentials.

When Pakistan has previously found itself in this predicament, it has turned to the IMF for help. The country’s policymakers are adamant they will not do so again.

Data from the State Bank of Pakistan showed the rupee hitting 188.14 to the dollar. The depreciation in the open, or unofficial, markets was even higher, currency dealers said. Political crisis ...