Pakistani Rupee on Thursday gained Rs2.03 against the US dollar in the interbank trading and closed at Rs304.94 against the previous day’s closing of 306.97. The buying and selling rates of the dollar in the open market came down to Rs305 and Rs308 from Rs313 and Rs316 respectively, according to the Forex Association of Pakistan […]
Mexico moves closer to electing first woman president
Mexico’s ruling party on Wednesday named former Mexico City mayor Claudia Sheinbaum as its candidate for the 2024 presidential election, ensuring that for the first time the two main rivals to lead the Latin American power will be women. Sheinbaum, a 61-year-old scientist by training, will face Xochitl Galvez, an outspoken businesswoman and senator with […]
Govt rejects reports of ban on Rs5000 banknote
Caretaker Federal Minister for Information and Broadcasting Murtaza Solangi said on Thursday that a notification regarding the ban on Rs5,000 currency notes was fake. https://twitter.com/murtazasolangi/status/1699738352008778157?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1699738352008778157%7Ctwgr%5E305a357afa9b8d9d8052116db26fa5c72fa850eb%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.geo.tv%2Flatest%2F508801-fake-news-information-ministry-rebuts-reports-of-ban-on-rs5000-note “The government shall act against the people spreading this kind of fake news to create chaos,” Solangi said on his X (formerly Twitter) handle. The minister’s statement came after the […]
UN food agency ends aid to 2 million Afghans over lack of funding
A global funding shortfall is forcing the World Food Programme (WFP), a Rome-based UN agency, to drop 2 million people from food assistance in Afghanistan on top of the 8 million the organization stopped helping earlier, the programme said Tuesday. WFP officials in Afghanistan said it can only give emergency aid to 3 million people […]
India or Bharat? President’s G20 dinner invitation sparks name-change row
Indian President Droupadi Murmu’s reference to herself as the “President of Bharat” in a dinner invitation, instead of “President of India”, sparked controversy on Tuesday, with critics saying the name of the country is being distorted. Murmu is hosting a reception for G20 leaders during the group’s summit on Saturday and invitations were sent from […]
CAD: Canadian dollar hits 5-month low
The Canadian dollar (CAD) weakened to a five-month low against its U.S. counterpart on Tuesday as investors assessed weak Chinese data and awaited a Bank of Canada interest rate decision, but higher oil prices capped the currency’s decline. The loonie was trading 0.3% lower at 1.3636 to the greenback, or 73.34 U.S. cents, after […]
Iran Ambassador to Pakistan calls on Health Minister Dr. Nadeem Jan
Iranian Ambassador to Pakistan H.E. Reza Amiri-Moghaddam called on Federal Health Minister Dr. Nadeem Jan here today. Federal Health Minister welcomed the Ambassador and affirmed commitment to further strengthening Pak-Iran cooperation in the health sector. The Iranian Ambassador extended felicitations to Dr. Nadeem Jan on assuming the office of Health Minister and prayed for his […]
3 crew members embrace martyrdom as Pakistan Navy helicopter crashed in Gwadar
Three Pakistan Navy officials were martyred after their helicopter crashed during training in Gwadar. The Pakistan Navy Sea King helicopter has crashed at PNS Akram base in Gwadar, an official statement said, adding that the tragedy resulted in 3 crew members embraced martyrdom. The incident occurred due to a technical fault. The martyred official identified […]
Taiwan to restore power after Typhoon
Taiwan expects to restore power supply by late on Monday to thousands of homes cut off by Typhoon Haikui in the island’s south and east, where schools and businesses were shut, while domestic airlines cancelled all but a handful of flights. The first typhoon to directly hit Taiwan in four years, Haikui made landfall on […]
Dollar slips in thin holiday trading
The US Dollar (USD) edged lower on Monday, with U.S. markets closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets the Federal Reserve could be at the end of its monetary tightening cycle. Against a basket of currencies, the dollar inched 0.1% lower to 104.14 but […]