Pakistan renews call for talks with IndiaBy: Agencies on May 24, 2019Prime Minister Imran Khan Thursday congratulated Indian Prime Minister Narendra Modi on the victory of Bharatiya Janata Party and allies in general election.In a tweet, the prime minister said he looks forward to working with him for peace, progress and prosperity in South Asia. "I congratulate Prime Minister Modi on the electoral victory of BJP and allies. Look forward to working with him for … [Read more...] about Pakistan renews call for talks with India
‘Ice melts’ between Pakistan and IndiaBy: News Desk on May 23, 2019In what appears to be a big sign of melting of ice between Pakistan and India, foreign ministers of the two South Asian neighbours shook hands with each other on the sidelines of the Shanghai Cooperation Organisation (SCO) Council of Foreign Ministers meeting in Kyrgyzstan on Wednesday."I made it clear to Sushma Swaraj that Pakistan wants resolution of all issues [with India] through … [Read more...] about ‘Ice melts’ between Pakistan and India
Dollar hits Rs 154 markBy: Agencies on May 22, 2019The US dollar continued its steep incline in Pakistan, reaching a new all-time high in the interbank and open market on Tuesday.In the open market, the dollar rose by Rs 3 and was being sold for Rs 154. The buying rate of the dollar in the open market was Rs 152.50. With an increase of Rs 2.72, the dollar reached Rs 151.92 in the interbank market.The sliding rupee has caused alarm in … [Read more...] about Dollar hits Rs 154 mark
SBP increases key interest rate by 150bps to 12.25%By: Abrar Hamza on May 21, 2019In order to address underlying inflationary pressures from higher headline/core inflation outturns, exchange rate depreciation, elevated fiscal deficit and potential adjustments in utility tariffs, the State Bank of Pakistan (SBP) on Monday increased the policy rate by 150 bps to 12.25% effective from May 21 (Tuesday).The SBP said inflationary pressures are likely to continue for some time and … [Read more...] about SBP increases key interest rate by 150bps to 12.25%
Opposition to hold protests against PTI govt after EidBy: News Desk on May 20, 2019The opposition parties Sunday decided to hold an all-parties conference (APC) after upcoming Eid-ul-Fitr to formulate a strategy against the ruling Pakistan Tehreek-e-Insaf (PTI) government."The APC will be convened by Jamiat Ulema-e-Islam-Fazl chief Maulana Fazlur Rehman and discuss the opposition's future course of action with regard to putting up a front against the PTI government," … [Read more...] about Opposition to hold protests against PTI govt after Eid
New laws will be compatible with tribal traditions: ImranBy: News Desk on May 18, 2019Prime Minister Imran Khan Saturday said new laws and the governance system to be enforced in the merged areas of erstwhile Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa will be made compatible with the existing tribal traditions.Addressing a 40-member jirga of District Khyber here at the Governor House, the prime minister paid gratitude to them for maintaining peace in … [Read more...] about New laws will be compatible with tribal traditions: Imran
Dollar touches 150 mark as rupee’s ‘free fall’ continuesBy: staff report/agencies on May 18, 2019The rupee continued to fall to record lows on Friday, days after the government agreed in principle to a $6 billion loan from the International Monetary Fund (IMF).The rupee, which lost 3.6 per cent on Thursday to close at 146.2 against the US dollar in the interbank market, dropped further on Friday selling at Rs 149.50 in the interbank market and Rs 150 in the open market, dealers … [Read more...] about Dollar touches 150 mark as rupee’s ‘free fall’ continues
Dollar soars to Rs 148 in interbank marketBy: News Desk on May 17, 2019The US dollar touched an all-time high of Rs 148 in the interbank market on Thursday, a day after it bounced back to Rs 144 after reaching an all-time high of Rs 146.50 in the open market on Wednesday.The rupee weakened by over five per cent, or Rs 7, from Wednesday's close of 141 in early hours of trade in the interbank.The drop in rupee comes a day after Prime Minister Imran Khan … [Read more...] about Dollar soars to Rs 148 in interbank market
Dollar touches all-time high of Rs 146.50 in open marketBy: News Desk on May 15, 2019The US dollar bounced back to Rs 144 after reaching an all-time high of Rs 146.50 during the day in the open market on Wednesday, reports said.Dollar, however, remained constant in the interbank and was traded at Rs 141.39.According to the Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs 143.20 and Rs 144 on Tuesday. However on … [Read more...] about Dollar touches all-time high of Rs 146.50 in open market
PTI govt pitches its maiden amnesty schemeBy: Agencies on May 15, 2019The incumbent government on Tuesday announced the Asset Declaration Scheme, providing one more opportunity to all Pakistani citizens to declare and legalise undisclosed assets inside and outside the country by paying just four percent taxes on all assets other than real estate.The scheme would be applicable till June 30, and all Pakistan citizens, other than those holding public offices or … [Read more...] about PTI govt pitches its maiden amnesty scheme
