The federal cabinet has accepted a deal to hold $3 billion in Saudi Arabian funding in Pakistan’s State Bank. The transaction was approved by the Cabinet via a dissemination summary on Saturday. The Saudi government agreed to keep a $3 billion reserve at the State Bank. The help will beRead More →
LAHORE, Pakistan – In interbank trading on Thursday, the US Dollar (USD) was valued at Rs174.98 versus the Pakistani Rupee (PKR). The value of the dollar has dropped by 6 paisa in the interbank market, according to data. The dollar had previously ended at Rs175.04 in the interbank market.Read More →
Reuters reports that Zoom Video Communications Inc’s (ZM.O) third-quarter sales growth rate dropped to 35% as demand for its video-conferencing tools fell from pandemic-fueled highs last year, sending the company’s shares down around 6% on Monday. Zoom reported $1.05 billion in revenue for the fiscal quarter ending Oct. 31, upRead More →
NAROWAL – Former Indian cricketer and politician Navjot Singh Sidhu hailed Prime Minister Imran Khan on Saturday for completing the Kartarpur corridor and praised Pakistan’s preparations for the 552nd birth anniversary of Bab Guru Nanak. Hundreds of Sikh pilgrims attended the festivities of Baba Guru Nanak’s birth, including Indian PunjabRead More →
ISLAMABAD, Pakistan – On Saturday, the price of 24 karat per tola gold fell by Rs 800 and was sold for Rs 123,800 on the local market, down from Rs 124,600 the day before. The price of a gramme of 24 karat gold fell by Rs 686 to Rs 106,138,Read More →
ISLAMABAD, Pakistan – TikTok’s services were reinstated in Pakistan after the popular video-sharing website assured the country that it will regulate the dissemination of immoral content, according to Dunya News on Friday. According to the Pakistan Telecommunication Authority (PTA), TikTok has been reinstated following the Platform’s commitments to monitor immoralRead More →
KARACHI, Pakistan — In an effort to limit runaway inflation, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 150 basis points to 8.75 percent on Friday. The Monetary Policy Committee (MPC) voted to raise the policy rate by 150 basis points to 8.75 percent at itsRead More →
NEW DELHI: India’s Supreme Court ordered authorities to close workplaces in the capital and surrounding areas on Monday, enabling millions of people to work from home as officials look for measures to decrease harmful air pollution that has forced schools to close. It took action after municipal officials in NewRead More →
KARACHI: Shaukat Tarin, the Prime Minister’s Finance Advisor, stated on Sunday that the administration will offer the people “positive news” about the stalled $6 billion IMF programme “soon.” Tarin claimed the IMF wants to announce the contract on its own at a foundation stone laying ceremony for a hospital inRead More →
ISLAMABAD, Pakistan (APP) – According to recent statistics issued by the Pakistan Automobile Manufacturing Association (PAMA), automobile sales increased by 71% during the first four months of the current fiscal year 2021-22 (July-October) compared to the same time previous year. According to the data, 74,952 automobiles were sold during theRead More →
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