Payment Crisis News Today

Iran, a major importer of tea from India, has seen a significant drop in its tea imports, plunging by approximately 62 per cent in the first ten months of the Iranian calendar year (March 21, 2023 - January 20, 2024).

Pakistan's finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.

ISLAMABAD: Pakistan’s Net International Reserves have plunged into negative territory during the last three months, indicating clearly that the severity of the crisis is beyond the...

India is exploring alternative payment channels for trade with Russia and the possibility of sourcing additional oil at a discount, even as the West reduces its exposure to Russian oil. Mint takes a look at where India stands to gain or lose: