![]() ![]() ![]() This comes after Fitch Ratings downgraded Pakistan's outlook from stable to negative in view of the significant deterioration in the country's external liquidity position and financing conditions since early 2022.Įarlier, Moody's downgraded Pakistan's outlook to negative from stable in June.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Grace Lim, a sovereign analyst with the rating company in Singapore, said Moody's expects IMF to disburse the funds in the third quarter. "This will unlock significant additional financing from the IMF and other multilateral and bilateral sources and may well provide a significant confidence boost to the markets." "We assume IMF board approval of Pakistan's new staff-level agreement with the lender," Krisjanis Krustins, a Hong Kong-based director at Fitch, was quoted as saying by Bloomberg on Wednesday. We utilize mid-market currency rates to convert USD against PKR currency pair. How much is 60.00 the sixty us dollars is worth 16,399.08 (PKR) today or sixteen thousand three hundred ninety-nine pakistani rupees 8 paisas as of 20:00PM UTC. Once the deal amount will be secured, it is expected that pressure on the country's currency and forex reserves will ease. 60 USD to PKR US Dollars to Pakistani Rupees. The highest price US Dollar in Pakistani Rupee - Tue, 13. You won’t receive this rate when sending money. This downfall of Pakistani rupees comes as Moody's Investors Service and Fitch Ratings said they expect Pakistan to secure the USD 1.2 billion bailout from the International Monetary Fund (IMF). The 10 days average exchange rate: 283.89718 PKR (Pakistani Rupees) 1 USD ( United States Dollar). 1 From PKR Pakistani Rupee To USD US Dollar 1.00 Pakistani Rupee 0.00 35095402 US Dollars 1 USD 284.938 PKR We use the mid-market rate for our Converter. Despite the agreement, the ongoing political and economic turmoil in the country has raised concerns among investors, Pakistan's Business Recorder reported. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |