Photo: File According to the State Bank of Pakistan (SBP), foreign exchange reserves decreased by 32.33 million dollars. According to the Central Bank, domestic foreign exchange reserves stood at 9.81 billion dollars as of the week ended on March 24. State Bank’s foreign exchange reserves decreased by 350 million dollars to 4 billion 24 million…
The issuance of $2 billion sukuk bond was stopped due to Pakistan’s downgrade. Sources in the Ministry of Finance say that the decision to issue sukuk bonds was delayed due to not being in the IMF program. 2 billion dollars worth of sukuk bonds were to be issued during the current financial year. According to…
Islamabad: PTI Chairman Imran Khan approached the Islamabad High Court against the NAB investigation in the Tosha Khana case. According to Express News, PTI Chairman Imran Khan has filed a petition in the Islamabad High Court against the NAB investigation in the Tosha Khana case, in which the summoning notices of NAB dated March 16…
—File photo The caretaker government of Punjab increased the wages of the lowest paid people in the province. The Punjab government has increased the minimum wage by 7 thousand rupees across the province. A notification has also been issued to increase the minimum wage by Rs 7,000 across Punjab. According to the notification, the minimum…
Lahore: On behalf of Imran Khan, an application was filed in the Lahore High Court for the dismissal of all cases against him. The petition has requested that Imran Khan be granted bail in all cases pending the final decision of the petition. The petition has been filed under Article 199 of the Constitution, with…
Those involved in the tailoring work say that the house full board installer has gone away Karachi: The impact of inflation has been noticeable on ladies tailoring, with orders down by 30% this year compared to last year. The wages of sewing women’s dresses for Eid have been increased by up to two hundred rupees…
—File photo The US dollar has become cheaper today as well as yesterday. 283 rupees has become 80 paise after the dollar has become cheaper by 12 paisa in interbank. Yesterday, the dollar closed at 283 rupees 92 paise in the interbank. On the other hand, the dollar remains at Rs 286 50 paise in…
We can provide 1 billion dollars per month and 12 billion dollars per year, Chairman Exchange Companies Association of Pakistan. Photo: Screen grab Karachi: Forex dealers have offered to provide $12 billion annually to the government for permission to borrow dollars from overseas Pakistanis under the direct swap policy. Chairman of Exchange Companies Association of…
The Ministry of Finance has been suppressing the evaluation report of Sazbaz in the matter of foreign currency for 3 months. Photo: File Islamabad: The finance ministry has suppressed a review report in which the central bank examined the foreign exchange regime, delaying disciplinary action against these commercial banks. For the last 3 months, the…
It is likely that the prices will not change, industry sources. Photo: File Islamabad: Petrol and diesel prices are expected to decrease from April 1. Due to fluctuations in crude oil prices in the global market, petrol and diesel prices may decrease from April 1. Oil marketing companies estimate that diesel could be cheaper by…
