Multiple Currency Practices News Today

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

EDITORIAL: Pakistan Bureau of Statistics (PBS) trade data for July-October 2023 notes an improvement in the balance...

Large-scale manufacturing (LSM) sector, as per data released by the Finance Division, registered negative 8.1 ...

EDITORIAL: The Federal Board of Revenue (FBR) during a meeting with a World Bank mission revealed that it increased...

David Malpass discusses parallel exchange rates in this blog, showing they are expensive, highly distortionary for all market participants, are associated with higher inflation, impede private sector development and foreign investment, and lead to lower growth.

The government said devaluation would trigger inflation.