Dollar takes Rs0.40 dip in interbank; Exchange rate now stands at 284.75
KARACHI: The United States (US) dollar has experienced a Rs0.40 decline in value against the Pakistani rupee in the interbank market during the early...
Petroleum dealers announce countrywide strike tomorrow (July 22)
ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) on Thursday announced shutting down fuel pumps across the country on July 22, demanding an increase in...
Pakistan receives $600m from China to stabilize its economy: Shehbaz Sharif
ISLAMABAD: Prime Minister Shehbaz Sharif mentioned that the rollover loan of $600 million has been provided by the Exim Bank of China.
The State Bank...
IMF seeks plan to expand tax base, cites real estate and agri sectors
ISLAMABAD: The International Monetary Fund (IMF) has been pressing Pakistan to expand tax base and increase revenue generation – which is again one of...
Govt asked to shot down oil-fired power plants, ensure RLNG supply
ISLAMABAD: The decision made by the National Electric Power Regulatory Authority (NEPRA) to hike the electricity base tariff by Rs4.96 per unit – a...
Pakistan gets LNG shipment offer for first time after IMF deal
ISLAMABAD: Pakistan received positive response of liquefied natural gas (LNG) Shipment, just two days after Islamabad secured final approval to borrow $3 billion from...
Dollar value surges by Rs1.4 in interbank
KARACHI: Despite the agreement with the International Monetary Fund (IMF), the value of the dollar continues to appreciate against the Pakistani currency.
Currency dealers reported...
Rupee gains Rs1.98 against dollar after IMF approves $3bn deal
KARACHI: The Pakistani Rupee grew stronger Thursday against the US dollar during early trading on the back of approval given by the International Monetary...
IMF Board approves $3bn stand-by arrangement for Pakistan
WASHINGTON: The Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA) for Pakistan for an amount of SDR2,250 million...
Korean company, Pakistani university collaborate in soya bean research, drone training
Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS-AAUR) and Oaks CAF Korean Company will collaborate to establish Soya Bean Research & Development Center,...
