Pakistan's Forex Reserves Dip Below $10 Billion as IMF Loan Uncertain – Bloomberg

Bloomberg Markets European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.
Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
When it comes to green manufacturing, China is now a clean-energy powerhouse. Its market dominance from solar panels to electric vehicles took long-term planning and a level of financial investment only state-controlled banking systems can deliver. By 2030, China will have an outsized influence on this strategic industry, and it’s poised to seize a fair share of the jobs and wealth creation that come with it.
Millions of Californians To Receive Up To $1,050 In ‘Inflation Relief’
Michael Burry of ‘The Big Short’ Fame Warns Fed May Alter Course
Biotech Startup Mirxes Weighs $300 Million Singapore IPO
Anti-Abortion Centers Find Pregnant Teens Online, Then Save Their Data
Pakistan Ride-Sharing Startup Bykea Raises Funds to Fuel Growth
Johnson Hints at More Aid for Britons Struggling With Fuel Costs
NATO Allies Set to Call China a ‘Systemic Challenge’
Yield-Hungry Investors Are Flocking to High-Dividend ETFs
Mortgage Lenders Turn ‘Desperate’ as Soaring Rates Roil Industry
New This Week: ‘Only Murders in the Building,’ ‘More Power’
Some Cities Nix July 4 Fireworks for Shortages, Fire Dangers
Some Unsolicited Recession Survival Advice to Gen Z
Atlanta Has More Going for It Than Any US Metropolis
Does Naspers’ Tencent Sale Signal China Tech Rally’s End?
Moving to Ban Juul, the FDA Delivers a Blow to Big Nicotine
Why You Should Quit Your Job After 10 Years
A Sci-Fi Novel’s Eerily Accurate Predictions About Today’s Tech
Ghislaine Maxwell Was ‘Kind,’ Offered to Teach Yoga in Jail, Inmate Says
Anti-Abortion Movement Faces New Divisions in Post-Roe Politics
Clarence Thomas Says He Would Hear ‘Hate Group’ Appeal, Revisit Libel Law
Review: A Hunting Trip Turns Deadly When a Blizzard Strikes
Qatar Energy Vows to Erase Almost All Methane Emissions by 2030
NYC Mayor Aide’s Private Schedule Reveals Glimpse Into Adams’s Priorities
Amid a Weekend of Demonstrations, Asian Americans Will Have Their First National Rally
Local Officials Beef Up Abortion Sanctuary Cities
Crypto Broker Voyager Issues Notice of Default to Three Arrows
Crypto Meltdown Drags Lending Returns From 25,000% to Almost Zero
Coinbase Slumps as Goldman Cuts to Sell After 75% Drop This Year
Day laborers wait for work in Rawalpindi, Pakistan, on May 30.

Pakistan’s foreign exchange reserves fell below $10 billion, threatening to spill over into a fullblown economic crisis unless policy makers secure a loan from the International Monetary Fund.
The stockpile decreased by $366 million in the week ended May 27 to stand at $9.72 billion, the central bank said in a statement on its website Thursday. That’s roughly a 50% drop from August and enough to pay for less than two months of imports. 


Leave a Reply

Your email address will not be published.