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Money

President provides relief worth Rs 1.9 m to bank fraud victims

By: APP on April 22, 2022

ISLAMABAD: President Dr. Arif Alvi has provided relief to the two victims of bank fraud by ordering Bank Alfalah Ltd (BAL) to refund the defrauded money worth Rs 1.9 million to the respective account holders.  The president also ordered the bank to educate its customers about internet banking, digital financial services and other safety measures […]

Foreign exchange rates

By: APP on March 15, 2022

      KARACHI, The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Tuesday.     CONVERSION RATES FOR 15TH MARCH 2022 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS)   SBP SETTLEMENT VALUE DATE MARCH, 17 2022   USD      178.9699 GBP      233.5020 […]

ADB proposes measures to maximize CPEC benefits

By: APP on February 2, 2022

The Asian Development Bank (ADB) has proposed certain policy actions to fully explore the potential benefits of the China Pakistan Economic Corridor (CPEC) and raise income from exports and enhance the fiscal capacity of the government. A case study on Economic Corridor Development (ECD) in Pakistan released by the ADB on Wednesday proposed to utilize […]

Shipping activity at Port Qasim

By: APP on February 1, 2022

The following ships arrived at Port Qasim on Monday, where five ships namely, MSC Pina, Maersk Brooklyn, GC Beryl, Houyoshi Park and Al-Khor carrying containers, palm oil, phosphoric acid and LNG, berthed at Container Terminal, Liquid Terminal, Engro Terminal and Elengy Terminal respectively.  Meanwhile, two more ships, Far Eastern Jupiter and Chemroad Quest carrying soya […]

No price increases for petroleum products: Shahbaz Gill

By: Web Desk on January 31, 2022

For the first 15 days of February 2021, Pakistan’s government has decided not to raise petroleum product prices. Shahbaz Gill, the Special Assistant to the Prime Minister on Political Communication, confirmed the news on Twitter. “The Prime Minister did not approve the summary of increasing petrol by Rs11 and diesel by Rs14,” wrote Gill. “The […]

Price of petrol is likely to increase by Rs12 per liter

By: Web Desk on January 31, 2022

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has prepared a summary, seeking an increase in petroleum prices from February 1. According to sources privy to the decision, the regulator has recommended an increase in petroleum prices by Rs13 per litre. The authority has suggested an increase of Rs12 per litre in the price of […]

Rupee continues to recover against the US dollar

By: Web Desk on January 31, 2022

KARACHI: The Pakistani rupee continued to recover against the United States (US) dollar in the interbank currency market on Monday. According to the data shared by the State Bank of Pakistan (SBP), the domestic currency closed at Rs176.72 against the greenback, showing appreciation of five paisas over the previous close of Rs176.77. Interbank closing #ExchangeRate […]

Gold prices increase by Rs700 to Rs125,900 per tola

By: APP on January 20, 2022

The price of 24 karats per tola gold witnessed an increase of Rs 700 and was sold at  Rs125,900 on Thursday against its sale at Rs 125,200 in the local market the previous day.  The price of 10 gram 24 karat gold also increased by Rs601 to Rs108,939 from  Rs108,338 whereas that of 10 gram […]

IT exports increase by 39.26% in four months

By: APP on January 20, 2022

Information Technology exports have surged at the growth rate of 39.26 percent in the first four months of the current financial year. “IT and Telecom, Information and Communications Technology (ICT) export remittances, including telecommunication, computer and information services for the period July-October Financial Year 2021-22 have surged to $830 million at a growth rate of […]

Rupee weakens against US dollar

By: Web Desk on January 18, 2022

KARACHI: On Tuesday, the US dollar gained 26 paisa against the Pakistani rupee in the interbank market. The greenback closed at Rs176.18 against the Pakistani rupee, up 26 paisa from the previous closing of Rs175.92, according to data released by the State Bank of Pakistan (SBP). The dollar had weakened by 15 paisa to Rs175.92 […]

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