Left with barely enough foreign exchange reserves to cover one month's imports, the coalition government is desperately trying to manage a balance of payments crisis and bring inflation under control after it hit a record of nearly 38 per cent last month.
The US Federal Reserve decided to maintain the key borrowing rate in a target range of 5%-5.25%.
Another report says the internet economy's contribution to India's technology sector is expected to grow from 48 percent to 62 percent by 2030.
The world's largest economy expanded more than expected in the first quarter, even as inflation and jobless numbers also stayed positive.
It was reported earlier on Thursday that the two sides were dead-locked on the details about the plan to cut the US government's discretionary spending.
The US government has never defaulted in its interest in payment commitments.
Financial pundits believe that the rupee has been depreciating due to political and social unrest caused after the arrest of PTI Chairman Imran Khan.
The Fed chairman also suggested it would be premature to expect any rate cuts in the near future as inflation remains high.
The NBS data shows that China's exports surged in March, while consumption, services and infrastructure spending increased in all of the last three months.
In a latest forecast, the IMF has reduced the economic growth estimates of Pakistan to 0.5 per cent, while the inflation spike projection estimates are far above 20 per cent for at least two years.
According to the Reuters poll, the gross domestic product (GDP) of Singapore grew by 0.6 percent in the January-March period compared with a year ago.
The size of Pakistan's external debt as of the end of 2022 is a staggering $126.3 billion.
Nonfarm payrolls increased by 236,000 jobs last month, the survey of establishments showed.
The IMF's latest World Economic Outlook will be released next week, giving more details of the financial body's assessment of the global economy.
Argentina received the most, with $111.8 billion, followed Pakistan on $48.5 billion and Egypt with $15.6 billion. Nine countries received less than $1 billion.