Due to non-availability of raw materials, the plant will be completely closed from March 24 to 27, Indus Motors spokesperson (Photo: File) Karachi: Indus Motors has announced to close the plant for four days due to shortage of raw materials due to non-opening of LCs. Due to shortage of dollars in the country and non-opening…
Domestic foreign exchange reserves have increased for the eighth consecutive week, as a result of which foreign exchange reserves crossed the level of 10 billion dollars. According to the State Bank of Pakistan, on March 17 this year, the country’s foreign exchange reserves were 10 billion 13 million dollars. According to the Central Bank, between…
(Photo: Internet) Islamabad: China has rolled over two billion dollar safe deposit loan for Pakistan. According to Express News, the officials of the Ministry of Finance confirmed the safe deposit loan rollover by China and expressed hope that after China, Saudi Arabia and the United Arab Emirates are also expected to provide financing soon. Sources…
Pakistan Stock Exchange (PSX) had a negative business day today. 100 index closed down 434 points at 39,942. The index remained in a band of 533 points during the business day. 4 crore 67 lakh shares were traded in the stock market today, the value of which was 1 billion 29 crore rupees. The market…
The price of gold in the country increased sharply today. According to All Pakistan Gems and Jewelers Association, the price of gold per tola has increased by Rs 5600 to Rs 2 lakh 7 thousand 500. According to the association, the price of gold in the world market increased by 58 dollars to 1997 dollars…
International Monetary Fund (IMF) Director of Communications Julie Kozic—File photo International Monetary Fund (IMF) Director of Communications Julie Kozak says that Pakistan should restore confidence by implementing economic reforms. In a news conference, the Director of Communication of the IMF, Julie Kozak, has said that Pakistan’s economy is facing many challenges. He says that inflation,…
In one week there was a huge increase of 1.80% in the depreciation rate after which the rate increased to 46.65%. Bureau of Statistics released weekly inflation data. According to the Institute of Statistics, the price of 26 essential items was recorded in a week, tomato became more expensive by 41 rupees and 85 paise…
Islamabad: Defense Minister Khawaja Muhammad Asif says that Imran Khan created a narrative of American conspiracy through cipher and now Imran Khan is creating a new conspiracy narrative about his murder. Talking to foreign media along with Information Minister Maryam Aurangzeb, Defense Minister Khawaja Muhammad Asif said that the makers of the narrative of American…
Branches of authorized banks will be open on Saturdays and Sundays for collection of Hajj 2023 dues along with Hajj application forms. Bank Daulat Pakistan has directed 14 authorized banks to visit their designated branches across the country on Saturdays and Sundays (i.e. 25 -03-2023 and 26-03-2023) Open from 9 AM to 2 AM. Earlier,…
—File photo The International Monetary Fund (IMF) says that Pakistan has to ensure financial support from other financial institutions and friendly countries, after these financial assurances, they will be able to take the next step with Pakistan. In the briefing by the IMF, it has been stated that Pakistan’s economy is facing challenges like slow…
