KARACHI: The rupee dropped to a five-month low against the US dollar on Thursday, under pressure from import payments. Forex brokers, according to a storey in The News, predict the local currency to lose additional ground in the coming days. The rupee closed at 159.33 per dollar on the interbankRead More →
Prime Minister Imran Khan unveiled Pakistan’s first domestically produced electric motorbike on Thursday.The prime minister said the debut of the electric motorbike was a “futuristic stride” and that his government’s new electric vehicle (EV) policy laid out a strategy and established a future direction at a ceremony in Islamabad.The introductionRead More →
Chinese Foreign Minister and State Counselor Wang Yi vowed Wednesday that despite changes in international politics, China will remain committed to Pakistan. Yi was speaking at a conference organised by the Pakistan-China Institute (PCI) to commemorate 70 years of Pakistan-China ties titled “Pakistan-China At 70: A Unique Bilateral Partnership.” FMRead More →
The Securities and Exchange Commission of Pakistan (SECP) announced on Wednesday that three new Housing Finance Companies (HFCs) were granted licences in FY21, with the goal of revitalising the industry.The firms include Pakistan Housing Finance Company Limited, Trellis Housing Finance Company Limited, and Asaan Ghar Finance Limited, according to theRead More →
ISLAMABAD :Samsung has been in negotiations with three investors about establishing a mobile manufacturing facility in Pakistan. According to sources, one of the three parties has a franchise from Korea and has already established car assembly factories in Pakistan as part of the Auto Development Policy (ADP) 2016-21, while theRead More →
On Tuesday, Pakistan issued $1 billion in international bonds under the Sukuk programme. These Sukuk bonds have a subscription price of $3 billion for five, ten, and thirty years.The federal cabinet has approved the issuance of Eurobond and Sukuk bonds, which are expected to produce 3.5 billion dollars this fiscalRead More →
Jeff Bezos stood down from his role as CEO of Amazon on Monday, twenty-seven years after creating the firm, as he prepared to embark on a new professional path.Bezos, who is 57 years old, will now focus on his own space exploration company, philanthropy, and other endeavours. He will, however,Read More →
ISLAMABAD: According to official sources, Prime Minister Imran Khan will arrive in Gwadar on Monday for a one-day visit to examine different development projects in the city. According to official sources, PM Khan will attend the laying of the foundations for different development projects in the city. During his visitRead More →
PARIS: (APF) The national financial prosecutors’ office (PNF) said Friday that a French court has been entrusted with examining a disputed multibillion-dollar sale of Rafale fighter aircraft to India in 2016. The contract between the Indian government and French aircraft maker Dassault for 36 jets, worth 7.8 billion euros ($9.3Read More →
ISLAMABAD – Federal Minister for Finance and Revenue, Shaukat Tarin Friday expressed government’s strong commitment to manage national economy in most efficient and effective manner to achieve higher sustainable and inclusive growth. Addressing virtually on “Pakistan’s Economy- Fragility & Smart Action Strategy” National Workshop Balochistan-7, which was organized by HeadquartersRead More →
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