The Pakistani rupee continued to lose ground against the US dollar on Wednesday during intraday trading in the interbank market, losing Rs2.4. According to data released by the State Bank of Pakistan (SBP), the rupee depreciated by 1.02% during trading on Wednesday. As a result, the rupee slid by Rs2.4 to Rs234.32. By contrast, the مزید پڑھیں

Prime Minister Shehbaz Sharif announced on Wednesday a two-month waiver of electricity charges for the consumers residing in flood-affected areas across the country. The prime minister also announced a two-month waiver of water utility charges. Addressing the flood-affected people during his visit to Balochistan’s Sohbatpur, he said the government would not charge the consumers in مزید پڑھیں

In line with expectations, the flow of workers’ remittances sent by overseas Pakistani increased by 8%, to $2.72 billion in August, the State Bank of Pakistan reported on Tuesday. Remittance inflows during August were mainly sourced from Saudi Arabia ($691.8 million), United Arab Emirates ($531.4 million), United Kingdom ($369.7 million) and the United States ($294.4 مزید پڑھیں

Federal Finance Minister Miftah Ismail ruled out the possibility of default for Pakistan, saying the incumbent government has steered the country out of the risk. Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan created the threat of default for the country, the minister said speaking on the Geo News programme “Aaj Shahzeb Khanzada Kay Sath” on Monday. مزید پڑھیں

The Pakistani rupee maintained its downward trend for the eighth consecutive working day, as it fell by Rs1.18 against the US dollar in the interbank market. According to the Forex Association of Pakistan (FAP), the Pakistani rupee dropped to Rs231, after losing Rs1.18 during intraday trading in the interbank market. Meanwhile, the currency dealers at مزید پڑھیں

The Federal cabinet has rejected to increase retail prices of ten different medicines. The federal cabinet, which met in Islamabad on Tuesday, declined a summary of the Ministry of National Health Services, Regulations, and Coordination regarding hike in medicines’ price. Speaking on the occasion, Prime Minister Shehbaz Sharif said that he did not support the مزید پڑھیں

Fresh assessments of flood damage saw the Pakistani rupee continue to lose ground against the US dollar which jumped to Rs230 in the interbank market on Monday. The rupee lost around Rs1.82 in its value on Monday morning as it slid from Friday’s closing value of Rs228.12 to Rs230 on Monday.In the open currency market, مزید پڑھیں

 The National Electric Power Regulatory Authority (Nepra) on Monday indicated another increase in the electricity tariff of the XWDISCOs by Rs4.34 per unit on account of fuel cost adjustment (FCA) for July 2022. The power regulator held a public hearing on August 31 to consider the monthly FCA — a system by which the price مزید پڑھیں

Finance Minister Miftah Ismail has said that withdrawal of subsidies on petroleum products and electricity was a condition of the International Monetary Fund (IMF) and was needed to put Pakistan’s economy on right track. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Saturday, the minister declared that the risk of default had مزید پڑھیں

The Pakistani rupee continued its downward streak and hit a new one-month low of Rs229.55 against the US dollar in the inter-bank market on Friday. The domestic currency slumped by over Rs4. This is the sixth successive working day of the downturn in the rupee. The local currency had closed at Rs225.42 on Thursday. With مزید پڑھیں