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| Pakistan Currency crisis declared high Risk! |
Pakistan Currency crisis declared high Risk!
The currency of the Pakistan currency crisis is highly worth the 7 countries, including Pakistan's 12 months.
Islamabad (Pakistan News Latest, November 22, 2022)
Pakistan's currency crisis has been declared as high risk. According to the report of ARY News, the Japanese bank Nomura has said that Pakistan is among the 7 countries whose currency is worth 12 months.
Unstable. Pakistan, Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary may remain in a currency crisis. According to the Bank of Japan, the Czech Republic and Brazil recorded the highest risk increases.
The overall score of all 32 monitored states rose to 2234 from 1744 in May. Bloomberg, a financial and economic data and news platform, also expressed concern over the depreciation of the Pakistani currency. The requirements can be met by an IMF bailout as Pakistan needs $33.5 billion by June 2023 and available financing will be $35.9 billion.
On the other hand, it has been reported that in the first four months of this financial year, a decrease of 52.1% has been recorded in the net foreign direct investment in Pakistan and its volume was 348.3 million dollars.
According to the data, from July to October of this financial year. Foreign direct capital inflows during the period were $514.5 million against outflows of $166.2 million. During the same period of the previous financial year, the volume of net foreign direct investment stood at 726.5 million dollars, a decrease of 378.2 million dollars.
During October alone, net foreign direct investment stood at $94.9 million, down 62 per cent from $247.3 million in the same month last year, compared to $84 million in September on a month-on-month basis.
The volume of foreign direct investment increased by 13 per cent.
