A new IMF bailout package is urgently needed to aid Pakistan's economic recovery from devastating floods last year

The slide has deepened an already difficult economic crisis, as Pakistan struggles with depleting foreign currency reserves and a current account deficit

A consortium of Chinese lenders has delivered US$2.3 billion to Pakistan's state bank account, shoring up the country's forex reserves amid an ongoing fiscal crisis.

The rupee weakened to about 198.39 to the dollar on Wednesday, the central bank said, a historic low that means it has lost almost a quarter of its value in the past year

The State Bank of Pakistan Amendment Bill, 2021, passed by the upper house 43-42, places restrictions on the government’s borrowing