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

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 ...

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 ...

Pakistan’s currency endured its worst week in more than two decades, reflecting investors’ worries that the country risks following Sri Lanka to become the next emerging economy to default on ...

PESHAWAR, Pakistan — The government of Pakistan has come under criticism after an official urged people to drink less tea to help the country’s struggling economy.

Pakistan’s balance of payment crisis stems from a rising trade deficit, which in turn results from rising imports, which touched a record $60.898 billion at the end of the previous fiscal year.

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.

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 ...

Economic crisis in Pakistan seems to be worsening by the day. Its currency witnessed its biggest one-day decline in over two decades to 262 against the dollar. After 9.6% fall it recovered a bit ...