How bad is Pakistan's debt crisis and can the IMF save it?
Pakistan's foreign exchange reserves stand at roughly $8 billion which barely covers two months of essential imports.
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Pakistan's foreign exchange reserves stand at roughly $8 billion which barely covers two months of essential imports.
Meanwhile, Brent oil prices remained steady at $78.87 per barrel amid concerns over Red Sea tensions and shipping disruptions by Houthi Groups, potentially affecting Suez Canal deliveries. Despite OPEC+ production cuts, record-breaking US oil production helped cool oil prices in 2023.
Asian currencies were trading mixed ahead of the US consumer confidence index
India's headline inflation rate likely jumped to 5.8 percent in November from October's 4.87 percent
Traders are anticipating PMI releases from various countries and the NFPR report on Friday. The market seems to be trading within a range as everyone awaits the upcoming US and India GDP data later in the week.