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Rupee sees gain, up 3.83pc against dollar
Karachi: Rupee made strides against dollar, appreciating 3.83 percent in inter-bank market. At close, domestic unit settled at 275.44, an increase of Rs 10.55, as per State Bank of Pakistan. "This is highest day-on-day recovery after May 12, 2023 (Rs...
IMF deal to address Pakistan's inflation, external debt concerns: Gov SBP
Karachi: Staff-level agreement between International Monetary Fund (IMF) and Pakistani authorities will address country's inflationary and external debt issues, said Governor State Bank of Pakistan (SBP) Jameel Ahmad. Remarks come after IMF announced...
Neem sees $1m investment from DNI Group
Karachi: South Africa-based DNI Group has invested $ 1 million in Pakistani startup Neem as part of strategic partnership, with aim of “Fostering innovation and growth in embedded finance space” and “Transforming financial landscape...
Minister praises PM for giving go-ahead to HESCO
ABBOTTABAD: Minister for Parliamentary Affairs Murtaza Javed Abbasi said that approval of establishment of Hazara Electric Supply Company (HESCO) by Prime Minister Shahbaz Sharif is great decision to facilitate masses of region. Expressing his views...
Kh Asif vehemently denounces Modi-Biden joint statement
Islamabad: Defence Minister Khawaja Asif expressed strong objections to inclusion of Pakistan in joint statement issued after significant meeting between US President Joe Biden and Indian Prime Minister Narendra Modi. Statement highlighted shared dem...
SBP forex reserves drop to alarming level of $3.5bn
ISLAMABAD: State Bank of Pakistan (SBP) said its foreign exchange reserves had fallen by $ 482 million. During week ending on June 16, total foreign exchange reserves held by central bank dropped to around $ 3.5 billion, SBP said in a statement. Down...
Chinese firm shows interest to set up EV factory in Sindh
KARACHI: A Chinese firm 'China Power' has shown interest in installing an industrial plant in Sindh for manufacturing of electric vehicles. Interest was shown by delegation of company in meeting with Sindh Minister for Information and Transport Sharj...
UAE 'keen' to invest in Karachi Port terminal operations
Karachi: United Arab Emirates (UAE) is 'keen' to invest in Karachi Port terminal operations, citing sources. Sources said UAE wants to equip Karachi Port terminals with latest technology for smooth handling of shipments. Sources claimed that agreemen...
Food Champ 2023: Resounding success celebrating culinary excellence
Karachi: Cothm emerges as driving force behind exceptional culinary students’ remarkable achievement at Food Champ 2023. Cothm’s persistent dedication to culinary education has played significant role in developing skills and cultivating...
Dar meets US envoy Blome: PML-N scrambles to revive IMF deal
ISLAMABAD: Pakistan Muslim League-Nawaz government is scrambling to revive programme with International Monetary Fund (IMF) amid steep fall in foreign loan disbursements to just $ 8.4 billion this fiscal year. Finance Minister Ishaq Dar has approache...
