economic – Rayrice Forex News

economic

Pakistan’s economic crisis is going from bad to worse: report

by

ANI | Updated: January 22, 2023 15:44 IST Islamabad [Pakistan]January 22: Pakistan’s economic crisis is going from bad to worse. Foreign exchange reserves in the State Bank of Pakistan (SBP) recently touched a two-week low of $4.343 billion. This is only due to the inefficiency of the political class and the over-involvement of the military … Read more

Airtel Africa’s FY2Q net profit fell 21 percent year-on-year due to forex losses

by

Bharti Airtel’s Africa business reported a net profit of $152 million in the fiscal second quarter, down 21 percent from a year ago, dragged down by higher finance costs due to higher foreign exchange and equity losses. Net profit for the African business also fell 14.6 percent sequentially. Airtel Africa’s revenue for the quarter ended … Read more