The US dollar breached another record on Thursday as it rose past Rs207 during early morning trade owing to concerns over depleting foreign exchange reserves and ambiguity regarding Pakistan’s deal with the International Monetary Fund (IMF). According to the Forex Association of Pakistan (FAP), the greenback was trading at Rs207.25, up 85 paisa at 12:20pm مزید پڑھیں

In line with expectations, the rupee has plunged further and crossed Rs206 against the US dollar for the first time in the inter-bank market on Wednesday. The domestic currency was available at Rs206.09 against the greenback, losing a fresh Rs0.93, a currency market dealer reported at 9.45 am. This is the fourth consecutive working day مزید پڑھیں

Finance Minister Miftah Ismail on Thursday announced that the federal government has decided to raise the prices of petroleum products by Rs24 per litre. The new prices will come into effect from midnight tonight, the minister said while addressing a press conference in Islamabad. After the hike, petrol will be priced at Rs233.89 after a مزید پڑھیں

McDonald’s MCD.N restaurants opened their doors in Moscow once again on Sunday under new Russian ownership and a new name, “Vkusno & tochka,” which translates as “Tasty and that’s it.” The famous Golden Arches have been taken down and replaced with a new logo, resembling a letter “M”, comprising two fries and a hamburger patty مزید پڑھیں

The Pakistani currency and the stock markets lost further ground on Monday as the coalition government’s maiden budget for the next fiscal year 2022-23 failed to restore investors’ confidence, contrary to the expectation of the market. The local currency surpassed the critical threshold of 204 against the US dollar in the interbank market during intra-day مزید پڑھیں

Karachi business community representative has suggested Sindh government to close the city’s shopping malls at 9pm, wedding halls at 11pm, and restaurants at midnight to address the energy shortage. On Thursday, the proposal was presented at a consultative meeting of government officials and trade association members in the office of Commissioner Karachi Muhammad Iqbal Memon. مزید پڑھیں

Finance Minister Miftah Ismail is presents the budget for fiscal year 2022-23 (FY23) in the National Assembly. This year the budget session is less chaotic than the last few presentations during the PTI-led government as there is no opposition present in the House since PTI members have tendered their resignations. Ismail began his speech by مزید پڑھیں

A day before announcing the budget for the fiscal year 2022-23, the coalition government reflected upon the performance of the economy for the outgoing fiscal year with a growth of 6% against the envisaged target of 4.8%. Finance Minister Miftah Ismail, who succeeded Shaukat Tarin as the country’s finance czar in mid-April (which interestingly is مزید پڑھیں

The population of donkeys in Pakistan has increased to 5.7 million during the previous fiscal year, according to the Economic Survey (PES) 2021-22 released Thursday. The data showed that the population of donkeys has been increasing steadily during the last few years as there were 5.5 million of them in 2019-2020 and 5.6 million in مزید پڑھیں

Tesla was proceeding with an online hiring event in China on Thursday and added two dozen new job postings for the country, a week after Elon Musk threatened job cuts at the electric car maker and said the company was “overstaffed” in some areas. Tesla (TSLA.O) plans to hold the event online starting from 7 مزید پڑھیں