KARACHI (Channel News) — On Friday, the Pakistani rupee rose strongly against the US dollar, gaining Rs1.73 in the interbank currency market. According to statistics provided by the State Bank of Pakistan (SBP), the domestic unit concluded at Rs176.51 versus the US dollar, while the rupee gained Rs1 from theRead More →
ISLAMABAD, Pakistan (APP) – The country’s exports in rupee terms increased by 29.53 percent during the first five months of the current fiscal year compared to the same time last year, according to the Pakistan Bureau of Statistics (PBS). According to PBS preliminary estimates, the country’s exports for July-November (2021-22)Read More →
ISLAMABAD, Pakistan – The World Bank granted a $190 million loan assistance for Pakistan on Wednesday. The World Bank will discuss ways to increase the country’s electrical generation and will give loans. Furthermore, the contract was signed in the federal city. Asad Hayauddin, a top federal government executive, and AnjumRead More →
MULTAN — Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir, has stated that the Asaan Credit Scheme (I-SAAF) will be a game changer in improving access to finance for SMEs by addressing the long-standing concern of a shortage of collateral. Dr. Reza Baqir spoke at length aboutRead More →
ISLAMABAD, Pakistan (APP): The Asian Development Bank (ADB) has authorised a $200 million loan to help Punjab province create an irrigation system that would help raise agricultural output and food security. The project loan, which is in Japanese yen, will be used to fund the building of the Greater ThalRead More →
ISLAMABAD, Pakistan – Dr. Arshad Mahmood, the Secretary of Petroleum, was fired by the government on Saturday. Following his dismissal from office, Secretary of Petroleum Dr. Arshad Mahmood has been asked to report to the Establishment Division. Secretary Power Division Ali Raza Bhatta has also been given the additional responsibilityRead More →
ISLAMABAD – Dr. Moeed Yusuf, Pakistan’s national security advisor, stated on Wednesday that the country’s economic bases are open to the whole globe. In an interview with BBC’s Hard Talk host Stephen Sackur, he answered to a variety of questions about the Pakistan-US Economic Corridor and other problems. He wentRead More →
ISLAMABAD – Shaukat Tarin, Advisor to the Prime Minister on Finance and Revenue, stated on Saturday that the State Bank of Pakistan has received a $3 billion deposit from Saudi Arabia (SBP). While delivering the news, Shaukat Tarin praised Saudi Crown Prince Mohammed Bin Salman and the Kingdom of SaudiRead More →
LAHORE, Pakistan — On Wednesday, the Lahore High Court said it could be obliged to declare an environmental emergency and halt schools and private companies for a week. According to facts, the LHC heard petitions on the province’s smog problem. Director PDMA briefed the court that the situation has improvedRead More →
KARACHI — On Monday, Saudi Funds granted a $3 billion loan to the State Bank of Pakistan (SBP). According to the terms, the sum of the agreement would be deposited in the State Bank of Pakistan’s income. On the other hand, Minister of Finance Shauqat Tarin met with Prime MinisterRead More →
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