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 ...

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.

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 ...

If currency crises were rare catastrophes, one might chalk them up to bad luck. But in Pakistan’s case, they’ve become disturbingly a routine. In a research paper I and Hafsa Hina examined six ...

Karachi: 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 ...

Pakistan's central bank has devalued the currency four times since December, weakening the rupee by more than 20 percent, amid efforts to avert a balance of payments crisis in the $305 billion ...

The current currency crisis is near-identical to one in the run-up to the last election in 2013, which was won by Sharif. Weeks after taking power, PML-N obtained a $6.7 billion IMF bailout.