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Your right to know Monday, February 06, 2023

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Finance

Downward slide of Dollar against Rupee

By: Web Desk on August 5, 2022

The US dollar continued its downward slide to the fifth consecutive day against the rupee on Friday. With the greenback shedding around Rs16 in a week in the interbank amid assurance from the IMF for the release of a USD1.17 billion tranche.  In the interbank today, the US dollar shed Rs2.05  to trade at Rs224.10 […]

Kuda Technologies poised to drive financial inclusion in Pakistan

By: APP on May 18, 2022

ISLAMABAD: A UK-based financial services company ‘Kuda Technologies’ inwith Fatima Group and The City Schools Group has applied for a digital banking licence in Pakistan with the goal of driving financial inclusion in the country. Founded in 2019 and with over $90 million of funding from renowned institutional investors including Valar Ventures and Target Global, […]

Revenue collection surges by 28.6pc to Rs4.858t in 10 months

By: APP on April 30, 2022

The Federal Board of Revenue (FBR) collected net revenues of Rs4,858b during the first ten months of the current fiscal year (July-April 2021-22), showing growth of 28.6 percent over the collection of Rs3,778b during the corresponding period of last year. According to provisions figures shared by the board here on Saturday, the collection during July-April […]

NBP Exchange Rates

By: APP on March 28, 2022

KARACHI: Treasury Management Division of  National Bank of Pakistan (NBP) on Monday issued the following exchange rates.                          CURRENCY           SYMBOL      TT Selling   TT Buying     U.S DOLLAR          USD         182.40      181.90                 EURO                EUR […]

Shipping Activity at Port Qasim

By: APP on March 24, 2022

KARACHI: Five ships namely, MOL Generosity, Maersk Senang, Chemroad Rose, Tebek, and Nave Cosmos carrying Containers, Phosphoric Acid, LNG and Palm oil, berthed at Container Terminal, Engro Terminal, Elengy Terminal and Liquid Terminal respectively on Wednesday.  Meanwhile, another ship ĹValkyreĺ carrying 53,475 tonnes of Coal also arrived at the outer anchorage of Port Qasim during […]

ADB approves $300 mln loan to develop Pakistan’s capital markets

By: APP on March 22, 2022

  ISLAMABAD: The Asian Development Bank (ADB) Tuesday approved a $300 million loan to further develop Pakistan’s capital markets, promote private investment in the country, and help to mobilise domestic resources to finance sustainable growth. The second subprogram of ADB’s Third Capital Market Development Program builds on institutional and regulatory reforms put in place under […]

NBP Exchange Rates

By: APP on March 18, 2022

KARACHI: Treasury Management Division of  National Bank of Pakistan (NBP) on Friday issued the following exchange rates.                          CURRENCY           SYMBOL      TT Selling   TT Buying     U.S DOLLAR          USD                  180.55      180.05                 EURO          […]

Economy to grow by 5% this year, 6% next year: Shaukat Tarin

By: APP on February 3, 2022

Federal Minister for Finance and Revenue Shaukat Tarin said here on Thursday that despite commodity price shocks in the international market, the economy of the country would grow by 4.5 to 5 percent during the current fiscal year and by 6 percent next year. “I am still hoping that it (growth rate) could be 5 […]

Gold price increases by Rs50 to Rs125,000 per tola

By: APP on February 2, 2022

The price of 24 karats per tola gold witnessed an increase of Rs 50 and was sold at Rs 125,000 on Wednesday against its sale at Rs125,950 in the local market the previous day. The price of 10 gram 24 karat gold also increased by Rs43 to Rs 107,167 from Rs 107, 107,124 whereas that […]

Minister inaugurates Rs8.1m water supply project

By: APP on February 2, 2022

Punjab Minister for Special Education Chaudhry Muhammad Akhlaq and Pakistan Tehreek-e-Insaf (PTI) leader Amir Dar, along with a taxpayer Kashif Rahim, chief executive officer (CEO) Makkah Tanneries, formally inaugurated a water supply project in Muhammad Pura, on Wednesday. The project would be completed with Rs8.1 million. A large number of residents of Muhammad Pura including […]

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