WASHINGTON: If Russia cannot pay its foreign loans, the ramifications for the global financial system are likely to be “minimal,” according to a top official at the International Monetary Fund. In punishment for Russia’s invasion of Ukraine, the US and its allies put harsh financial sanctions on the country, butRead More →
The US dollar broke over the 180-mark against the Pakistani rupee during intraday trading in the interbank market (PKR). The dollar resumed its upward trend, increasing over 60 paisas to 180.05 against the greenback, up from 179.44 the day before.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 →
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 →
ISLAMABAD – At a ceremony in Islamabad on Wednesday, Prime Minister (PM) Imran Khan announced the start of interest-free loans under the Kamyab Pakistan Program. During his speech at the ceremony, Prime Minister Nawaz Sharif expressed sorrow that Pakistan could not attain its rightful place in the community of countriesRead More →
ISLAMABAD – According to Prime Minister Imran Khan, the FBR met its February income target of 441 billion rupees, representing a 28.5 percent increase. In his tweets on Wednesday, he stated that the government is able to subsidise fuel, diesel, and electricity and provide assistance to the people as aRead More →
ISLAMABAD: The federal government raised the price of petroleum goods by up to Rs12 per litre on Tuesday, with effect from February 16. The governing Pakistan Tehreek-e-Insaf (PTI) administration has increased the price of petrol by Rs12.03 per litre, high-speed diesel by Rs9.53 per litre, and light diesel by Rs9.43Read More →
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