ISLAMABAD: Pakistan on Tuesday approved a renegotiated deal with the Chinese company for Saindak mine which involves an increase in the country’s profit share and an enhanced royalty for the Balochistan government. The details were shared by Federal Minister for Energy Hammad Azhar from his Twitter handle, who said that the federal cabinet has given […]
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Oil prices slipped for a third session on Wednesday on profit taking due to concerns of a possible rise in supplies from Iran despite industry data showing a surprised drop in US oil inventories. Brent crude futures edged down 8 cents, or 0.1%, to $90.70 a barrel by 08:25 GMT, while US West Texas Intermediate […]
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KARACHI: Cumulative inflows through Roshan Digital Account (RDA) from overseas Pakistanis soared to $3.382 billion in the last 17 months, the State Bank of Pakistan (SBP) said on Monday. The Roshan Digital Account (RDA) program has achieved a critical milestone, achieving a cash flow of $3.382 billion in just 17 months—a noteworthy accomplishment for Pakistan’s […]
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BIJING: Pakistan and China have reaffirmed their support to CPEC’s high-quality development and the commitment to ensuring the smooth operation of completed projects and the timely completion of under construction projects. This understanding was reached during Prime Minister Imran Khan’s meetings with Chinese President Xi Jinping and Premier Li Keqiang in Beijing during his four-day […]
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KARACHI: The State Bank of Pakistan (SBP) on Wednesday introduced Pakistan’s first instant Digital Payment System ‘Raast’ aimed at providing free, fast, and reliable digital person-to-person (P2P) payments service to people of the country. SBP on Thursday issued instructions to banks to enable Person-to-Person (P2P) fund transfers in the country through Raast, Pakistan’s Instant Payment […]
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he Executive Board of the International Monetary Fund (IMF) on Wednesday approved $1billion loan for Pakistan under the Extended Fund Facility (EFF) This was confirmed by Federal Minister for Finance and Revenue Shaukat Tarin in a post shared on his official Twitter handle. “I am pleased to announce that IMF Board has approved 6th tranche […]
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ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) on Monday approved the Greater Karachi Water Supply project to be completed by 2023 at a cost of Rs126 billion The meeting was chaired by Federal Minister for Finance and Revenue Shaukat Tarin here in Islamabad. Federal Minister for Planning, Development and Special Initiatives, Asad Umar, […]
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ISLAMABAD: The federal government has decided to seek $5 billion in loans from China, Russia and Kazakhstan as Pakistan make desperate efforts to stabilise forex reserves, ARY News reported on Monday, citing well-placed sources. As per details, Pakistan is expecting to get $3 billion loan from China and $2 billion from Russia and Kazakhstan. The […]
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1.Imran Khan’s Salary Request Imran Khan prime minister of Pakistan, has grave concerns about laborers. He recently asked for 100 Pakistani businesses to have their wages increased. This essay will address his logic and the significance of his request for the workers. 2.Why Was This Request Made by Imran Khan? Imran Khan is aware that […]
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KARACHI: The United States (US) dollar continued its climb against the Pakistani rupee in the interbank currency market on Wednesday.The Pakistani Rupee declined by almost 12 per cent last year. The dollar flight continues despite multiple measures taken by the State Bank of Pakistan (SBP) to stabilise the exchange rate. According to the data shared […]
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