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Rupee recovers lost ground to the dollar

Rupee recovers lost ground to the dollar

The local currency on Thursday gained Rs1.20 against the dollar with exchange rate reverting back to Rs167.20 compared to Rs168.20 on Wednesday.  The Exchange Companies Association of Pakistan said the rupee recouped earlier losses on…

Pakistan borrows another $1.3bn from China

Pakistan borrows another $1.3bn from China

The State Bank of Pakistan (SBP) on Tuesday said it has borrowed another $1.3 billion from China for loan disbursements.  In a tweet, the SBP said it “has received $1.3bn as GOP loan disbursements from…