‘Good news from FATF will restore confidence in our economy,’ says MoS By: Web Desk on June 18, 2022ISLAMABAD: On Saturday, Minister of State for Foreign Affairs Hina Rabbani Khar reiterated Pakistan’s cooperation with the Financial Action Task Force (FATF) and the international community was based on the country’s strategic goal of strengthening its economy and further integrating into the global financial system. Addressing a press conference at the Ministry of Foreign Affairs, […]
Hina gives credit to senate for FATF triumph By: Web Desk on June 18, 2022Minister of State for Foreign Affairs Hina Rabbani Khar stated that the Financial Action Task Force (FATF) has acknowledged Pakistan’s completion of both action plans and that the credit goes to the state rather than any political party. Hina Rabbani Khar, speaking at a news conference in Islamabad on Saturday, said Pakistan is now “one […]
Energy crisis: Sindh govt announces to close markets at 9pm By: Web Desk on June 17, 2022The Sindh government announced instructions on Friday to close all commercial centers and retail malls at 9 p.m. for a month, taking the lead in the country’s energy-saving programme. “All markets, shopping malls and shops shall be closed by 9pm,” the notification read. Milk shops, bakeries and carriage vehicles for dairy products have been exempted […]
Dollar smashes rupee to new historic high of Rs207 in interbank trade By: Web Desk on June 16, 2022The US dollar surpassed Rs207 in early morning trade on Thursday, owing to concerns about depleting foreign exchange reserves and ambiguity surrounding Pakistan’s deal with the International Monetary Fund (IMF). The Pakistani rupee gained 46 paisas against the US dollar in the open market in early morning trading but the US dollar within hours struck back and smashed […]
Finance Minister Awais Leghari presents Rs3.2tr tax-free Punjab budget By: Web Desk on June 15, 2022 On Wednesday, Governor Balighur Rehman convened the 41st session of the Punjab Assembly (PA) in Aiwan-e-Iqbal. The session was presided over by PA Deputy Speaker Dost Muhammad Mazari, and Provincial Finance Minister Awais Leghari presented the provincial budget for the fiscal year 2022-23. Punjab Chief Minister Hamza Shehbaz, Sardar Awais Leghari, Malik Ahmad Khan, Khawaja […]
Rupee trades at all time low in interbank market, touches 205.50 mark By: Web Desk on June 14, 2022On Tuesday, the Pakistani rupee fell nearly Rs1.64 against the US dollar to Rs205.50 in the interbank market during the day. The currency hit an all-time low of Rs203.86 per dollar on Monday, according to the State Bank of Pakistan (SBP). Interbank closing #ExchangeRate for todayhttps://t.co/T39dvLv98n pic.twitter.com/rVQMdAIsoX — SBP (@StateBank_Pak) June 13, 2022 The local […]
US dollar smashes all records against Pakistani Rupee, touches Rs204 By: Web Desk on June 13, 2022The US dollar has now broken all previous records with an increase of Rs1.65 and reached Rs204 for the first time in Pakistani interbank trading history. The US dollar fell 35 paisas against the Pakistani rupee on Monday, reaching Rs202 from Rs202.35. However, by 10:30 am, the US dollar had gained 65 paisas and had […]
Punjab set to unveil Rs 3tr budget for FY23 today By: Kazam Khan on June 13, 2022LAHORE: Provincial Minister Sardar Awais Leghari is all set to present annual budget of Punjab for financial year 2022-23 on Monday (today). According to reports, the total outlay of the budget is expected to be around Rs 3 trillion, with Rs680 billion set aside for the Annual Development Programme (ADP). The overall volume of the […]
President concerned over wildfire incidents By: APP on June 12, 2022ISLAMABAD: President Dr. Arif Alvi Sunday expressed his serious concerns over increasing incidents of forest fires in different parts of the country. The president said that such fire incidents were causing huge financial loss to the nation as it deprived the effectees of their livelihood, put the life and properties of the inhabitants at high […]
Budget 2022-23: No other option but to make difficult decisions, says Mifta Ismail By: Web Desk on June 11, 2022ISLAMABAD: Finance Minister Miftah Ismail while addressing the post-budget press conference on Saturday stated that the government has no choice but to make difficult decisions in preparing the Budget 2022-23. The finance minister accompanied by State Minister of Finance Aisha Ghous Pasha and Information Minister Marriyum Aurangzeb stated that the country and history would not […]