Prime Minister Shehbaz Sharif and President of UAE Sheikh Mohamed bin Zayed Al Nahyan meet in Abu Dhabi on May 23, 2024. — PIDReserves cover only three months imports.Central bank may resort to dollar swaps.IMF tranche delay compounds financial uncertainty.Pakistan’s…
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Oil price rises after Iran says it stops ships in Strait of Hormuz

A drone view of drilling rigs in Midland, Texas, U.S. June 11, 2025. — ReutersFour tankers turn back after Iranian intervention.Iran targets US facilities in Kuwait and Bahrain.Saudi proposes coalition to protect Red Sea shipping.
Oil prices rose on Friday after Iran said…
Iran moves to slash four zeros from rial in currency reform push

A currency dealer poses for a photo with a one US dollar bill and Iranian rials in an exchange shop in Tehran, Iran, December 25, 2022.—Reuters
The economic commission of Iran’s parliament revived long-delayed plans on Sunday to cut four zeros from the country’s plunging currency,…
‘$5bn aid may ease short-term pressure, not long-term interest’

A foreign currency dealer counts US dollars at a shop in Karachi, on May 19, 2022. — AFP/File
Musadaq Zulqarnain, a Pakistan Business Council member, said that the $5bn aid from friendly countries may ease short-term pressures but is not in Pakistan’s long-term…




