The Pakistani rupee continued to strengthen against the dollar in the interbank on Thursday despite the flood emergency triggering economic and humanitarian losess in the country. The dollar shed Rs1.5 and was trading at Rs217.25 in the interbank market during intraday trade as of 10:10am. The unit has lost Rs4.67 during the last three sessions مزید پڑھیں

The National Electric Power Regulatory Authority (Nepra) approved another increase in electricity tariff by Rs4.34 per unit on account of monthly fuel adjustment (MFA) for July 2022. The power regulator held a public hearing to consider the monthly fuel adjustment (MFA). The Central Power Purchasing Agency-Guarantee had submitted an application for an increase in electricity مزید پڑھیں

The Ministry of Commerce has decided to import onions and tomatoes from Afghanistan and Iran to control soaring prices in the country. A meeting chaired by Commerce Minister Naveed Qamar at Federal Ministry of Commerce, reviewed availability of tomatoes and onions in the country. It is pertinent to mention here that the recent torrential rains مزید پڑھیں

The Pakistani rupee gained against US dollar on Tuesday after the International Monetary Fund (IMF) revived the loan programme. The greenback dropped by Rs2.42 against local currency during trading in the interbank market where the dollar was recorded at Rs219.50 around 10 am. A day earlier, dollar witnessed an upward trend as rupee lost its مزید پڑھیں

Finance Minister Miftah Ismail castigated the PTI leadership after Shaukat Tarin allegedly asked Punjab and Khyber Pakhtunkhwa to withdraw from the International Monetary Fund’s (IMF) deal. The revelations came to the fore in an audio leak Monday where the ex-finance minister could be heard directing Punjab Finance Minister Mohsin Leghari and Khyber Pakhtunkhwa Finance Minister مزید پڑھیں

After months-long hectic efforts, the International Monetary Fund (IMF) executive board Monday approved the seventh and eighth review of the stalled $6 billion Pakistan programme, announced Finance Minister Miftah Ismail. Finance Minister Miftah Ismail announced the development on his Twitter handle saying: “Alhamdolillah the IMF board has approved the revival of our EFF programme. We مزید پڑھیں

Repercussions may include higher imports, compromise on exports and rising inflation, which will undermine efforts of the government to tackle the macro headwinds. “Based on our preliminary estimates, the current account deficit may increase by $4.4 billion (1% of GDP) – assuming no counter-measures are taken, while around 30% of the CPI basket is exposed مزید پڑھیں

Prime Minister Shehbaz Sharif on Friday directed the power distribution companies to revise the electricity bills of up to 200 units within 24 hours. The prime minister, who chaired a high level meeting to address the issues faced by the power consumers, also constituted a committee on the subject. He instructed that the staffers of مزید پڑھیں

The Pakistani rupee continued to decline against the US dollar on Thursday in anticipation of the executive board meeting of the International Monetary Fund (IMF) on August 29 in Washington. In the interbank market, the local unit was trading at 219 during the intraday trade after losing 0.62 paisas against the dollar. Although, the greenback مزید پڑھیں

The Qatar Investment Authority (QIA) aims to invest $3 billion in Pakistan, Qatar’s Emiri Diwan said on Wednesday, lending support to the cash-strapped economy. “The Qatar Investment Authority announced its aspiration to invest $3bn in various commercial and investment sectors in the Islamic Republic of Pakistan,” the Emiri Diwan said, without giving details. The announcement مزید پڑھیں