Dollar continues to rise, reaches record high of Rs173.50 in interbank trade

The US dollar continued to rise against the rupee on Wednesday — a trend experts largely attribute to the country’s growing current account deficit — reaching a record high of Rs173.50 after appreciating by 55 paisas in interbank trade. According to the Forex Association of Pakistan (AFP), the buying rate of the greenback was recorded مزید پڑھیں

Govt has no plan to hike power tariff immediately: Shaukat Tarin

Federal Finance Minister Shaukat Tarin said that the government has no plan to hike the power tariff immediately. In his interaction with American think tank, US Institute of Peace in Washington, the finance minister said that before increasing the electricity tariff, the government will take measures to contain inflation in the country. The Pakistan government مزید پڑھیں