Saudi Arabia is considering pricing part of its oil shipments in Yuan, undermining the US dollar’s dominance in the global petroleum market and signalling yet another shift toward Asia by the world’s top crude producer.According to the Wall Street Journal, negotiations with China over yuan-priced oil contracts have been onRead More →
To combat smuggling between Iran and Pakistan, the Federal Board of Revenue (FBR) has designated the Bazarcha Border Terminal in Taftan as a customs port for the clearance of import/export products between the two countries.According to a notification issued by the FBR on Tuesday, the FBR has proclaimed Bazarcha BorderRead More →
ISLAMABAD, Pakistan (APP) – Shaukat Tarin, the Federal Minister of Finance and Revenue, spoke about the government’s efforts to ensure economic improvement and development on Monday. According to a news release released by the finance ministry, the federal minister noted during a meeting with Chairman of Pak Kuwait Investment Company,Read More →
The country’s flag carrier, Pakistan International Airlines (PIA), has been granted permission to fly to two Chinese cities, Guangzhou and Xian, in addition to Beijing. PIA has been granted authorization to fly to Guangzhou and Xian by the Chinese Civil Aviation Administration (CAAC). According to PIA Country Manager Qadir BuxRead More →
Pakistan International Airlines (PIA), the country’s flag carrier, has been granted permission to fly to two Chinese cities, Guangzhou and Xian, in addition to Beijing, according to ARY News. The Chinese Civil Aviation Administration (CAAC) has given PIA permission to fly to Guangzhou and Xian. According to the existing standardRead More →
DUBAI: Finance and Revenue Minister Shaukat Tarin claimed the Financial Action Task Force’s (FATF) decision to keep Pakistan on its grey list is “politically driven,” according to the Khaleej Times. Tarin told the Middle East publication: “FATF’s decision was made under the influence of some powerful nations to pressurise PakistanRead More →
BEIJING: The Chinese government has awarded Pakistan International Airlines (PIA) two new operating licences, for Guangzhou and Xian, in addition to Beijing. Passenger flights to and from these stations can now be scheduled by the national flag airline. Previously, PIA only had an operating licence for Beijing, but the CivilRead More →
On Friday, the price of 24 karat per tola gold dropped by Rs 50 on the local market, when it was sold for Rs 128,800, down from Rs 128,850 the day before. The price of 10 gramme 24 karat gold declined by Rs 43 to Rs 110,425 from Rs 110,468Read More →
The Pakistani rupee fell 21 paisas against the US dollar in interbank trade on Monday, according to the State Bank of Pakistan, concluding at Rs177.62 against a previous day’s close of Rs177.41 (SBP). The open market purchasing and selling values of the dollar, according to the Forex Association of Pakistan,Read More →
According to the State Bank of Pakistan, the Pakistani rupee declined by 21 paisas versus the US dollar in interbank trade on Monday, finishing at Rs177.62 against the previous day’s closing of Rs177.41 (SBP). According to the Forex Association of Pakistan, the open market buying and selling values of theRead More →
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