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 →
Bill Gates, the founder of Microsoft, came in Pakistan on Thursday for a day-long official visit and met Prime Minister Imran Khan. During the meeting, the Microsoft CEO was updated on the country’s polio eradication efforts, among other things. Later, the premier hosted a luncheon for the American businessman. FederalRead More →
ISLAMABAD: The federal government hiked the price of petroleum products by up to Rs12 per litre on Tuesday, with the increase taking effect on February 16. According to a notification issued by the finance ministry, the current Pakistan Tehreek-e-Insaf (PTI) administration has increased the price of petrol by Rs12.03 perRead More →
TOKYO, Japan (AFP) – Sony raised its full-year net profit prediction, encouraged by the popularity of its latest Spider-Man film and good earnings in the gaming industry despite a global chip shortage. The Japanese computer behemoth has already posted a record net profit in 2020-21, thanks to a pandemic surgeRead More →
On Tuesday, a five-year business plan was given to the Finance Ministry with the goal of making Pakistan International Airlines (PIA) viable in the future by avoiding losses. The proposal suggested focusing on increasing the number of aircraft from 29 to 49, including 16 large planes, 27 medium planes, andRead More →
SAN FRANCISCO (AFP) – Microsoft exceeded market forecasts with a good quarterly performance in cloud computing and software on Tuesday, continuing to benefit from the pandemic’s online moving of work, play, shopping, and learning. The US internet behemoth, which revealed last week a bombshell agreement to acquire gaming behemoth ActivisionRead More →
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will meet on Monday to decide on monetary policy, according to a statement. In a statement published Friday, the central bank stated that Governor SBP Dr Reza Baqir will inform the media following the MPC meeting. According to TheRead More →
ISLAMABAD, Pakistan – The Economic Coordination Committee of the Cabinet allowed the export of specified commodities to Afghanistan in Pakistani currency on Friday, citing the food crisis and the country’s current circumstances. The clearance came at an online meeting of the committee on Friday, which was virtually presided over byRead More →
ISLAMABAD, Pakistan – Earlier this month, the State Bank of Pakistan (SBP) announced the “Licensing and Regulatory Framework for Digital Banks.” SBP hosted an online event titled “Digital Banks – A New Era in Banking” to raise awareness of this significant regulatory breakthrough. The webinar’s primary goal was to raiseRead More →
ISLAMABAD – Prime Minister (PM) Imran Khan stated on Wednesday that economic activity will continue despite the new COVID-19 wave.The Prime Minister, speaking at the inauguration of the National Small and Medium Enterprises (SME) Policy, expressed sadness that no administration had ever cared about incentives and facilities for this sectorRead More →
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