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Pakistan Seeks $10 Billion US Exchange Facility to Strengthen Foreign Exchange Reserves
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Pakistan Seeks $10 Billion US Exchange Facility to Strengthen Foreign Exchange Reserves

Pakistan has reportedly approached the United States with a proposal for a $10 billion exchange facility aimed at reinforcing its foreign exchange reserves and enhancing the country’s financial stability. The move comes as Islamabad continues to navigate persistent economic challenges, including pressure on its external accounts, currency volatility, and the need to maintain sufficient foreign...

RBI Rejects Viral Gold Sale Claim, Says No Gold Worth $12 Billion Was Sold to Support Forex Reserves
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RBI Rejects Viral Gold Sale Claim, Says No Gold Worth $12 Billion Was Sold to Support Forex Reserves

A viral claim suggesting that the Reserve Bank of India (RBI) sold gold worth nearly $12 billion to protect the country’s foreign exchange reserves has been officially rejected, with authorities clarifying that no such transaction took place. The clarification came after reports and social media posts sparked widespread speculation regarding the central bank’s gold holdings...