Pakistani rupee hits new all-time low

[ad_1] Image Source : AP/FILE The decline was in line with the predictions of the analysts who fear more losses down the road as the country remains mired in political and economic instability, The News reported.   Highlights Pakistani rupee broke all previous records against US dollar and dropped to all time low. The local…

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India Seizes $725 Million China’s Xiaomi Over Remittances | Business News

NEW DELHI (AP) — Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said. The Enforcement Directorate, India’s financial investigation agency, tweeted that it had seized the amount from Xiaomi’s local unit. The move comes after an…

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