The State Bank of Pakistan (SBP) says that the country’s foreign exchange reserves decreased by $47.2 million in the week ending September 8. According to the Central Bank, domestic foreign exchange reserves stood at 13 billion 70 million dollars as of September 8. The reserves of the State Bank decreased by 14 million dollars to…
Karachi: A decrease of 140 million dollars was recorded in the government’s foreign exchange reserves during one week. According to the State Bank of Pakistan, during the week ending September 8, the government’s foreign exchange reserves decreased by $140 million. After a decrease of 14 million dollars, the official reserves of foreign exchange reached the…
A student’s boat capsized in a river in India, Photo: File New Delhi: A boat carrying 30 students capsized in a river in India, and a rescue operation is underway to find them. According to Indian media, a boat with 30 people on board capsized in the river of Muzaffarpur district of Bihar state. There…
Passenger plane crash at India’s Mumbai airport; Fear of casualties, Photo: Indian media New Delhi: A passenger plane skidded off the runway while landing at the Mumbai airport in India and suffered an accident. According to Indian media, there were 5 passengers and 3 crew members in the business private plane of Canadian Airlines, owned…
Sources say that work has been started to bring gold dealers into the tax net. A task force consisting of law enforcement agencies and intelligence agencies was formed to crack down on gold mafia. According to sources, the purpose of the task force is to arrest gold smugglers and mafia and take legal action. Sources…
Investments in the Pakistan Stock Exchange (PSX) were mixed ahead of the interest rate decision. The PSX Benchmark 100 index rose 59 points to close at 45,650 points, with the index remaining in a band of 195 points during the trading day. 13.81 million shares worth 2.77 billion rupees were traded in the stock market…
Karachi: The State Bank has decided to maintain the interest rate at 22 percent while issuing the monetary policy. Inflation fell from the highest level of 38 percent in May to 27.4 percent in August. The news has been given. According to Express News, the State Bank has issued a new monetary policy in which…
Imports from Saudi Arabia rose 5 percent last month to $437 million. Year-on-year imports from several countries have been recorded in August this year. According to the sources of the Ministry of Commerce, imports from Nigeria increased by 14,377% in August, while the volume of imports from Nigeria last month was 43.9 million dollars. According…
In the monetary policy committee meeting of the State Bank of Pakistan (SBP), the interest rate has been maintained at 22 percent. Central bank inflation has fallen from a high of 38 percent in May this year and will continue to decline. According to the monetary policy statement, these factors remained for the committee’s attention…
Photo: Screen grab Karachi: MQM-JUI delegation met in Karachi in which both parties agreed to work together against PPP. JUI Sindh General Secretary Rashid Mehmood Soomro arrived at the temporary headquarters of MQM Pakistan in Bahadurabad. After the meeting MQM and JUI leaders spoke to the media. The JUI delegation included Maulana Abdul Karim Abid,…
