Business Archives - Page 18 of 25

9Jun

By Muhammad Dastageer ShamsNo Comments

Business

Dollar Rate in PKR hiked in Interbank

The Pakistani rupee is being traded at PKR 202.5 in opposition to USD. Professional says the market sentiment is negative. The US dollar persevered its growing streak against the rupee on Tuesday, growing beyond PKR 199 in interbank trading. USD staining completion of per week of breaking facts, as a result of country's rising imports and depleting foreign reserves. With a decline of PKR1.61, or 0.81%, PKR closed at rate of 200 against dollar on Thursday, the State Bank of Pakistan (SBP) reported.The rupee had closed at PKR 198.39 yesterday. But, consistent with analysts’ predictions, forex exceeded the startling milestone of two hundred within few hours of buying and selling. On primary day of talks with IMF, Pakistan has indicated that it's far willing to take "tough measures". These i...

3Jun

By Muhammad Dastageer ShamsNo Comments

Business

PM laptop scheme is back again

The Chief Minister of Punjab Province has released 1 lac laptop for evening students in Punjab.The laptops could be added to college students by year 2022's end. The minister additionallystated that the primary degree of distribution could be finished on the twentieth day of thesubsequent month. The Chief Minister of Punjab has already passed over laptops to early shiftpupils. The top position holders confronted complaints from college students from the eveningshift from Punjab. Finally Punjab Youth Laptop marketing campaign Punjab Youth Laptopcampaign succeeded to stable Laptop for college students who work inside the evening shift aswell. Shahbaz Sharif's Laptop Scheme has obtained complaints from college students, media inaddition to individuals of the opposition. The important cau...

Pakistan and China are in talks to trade in Chinese currency

31May

By Aqsa Azam1 Comment

Business

Pakistan and China are in talks to trade in Chinese currency

China proposed to Pakistan to create RMB capital circulation system. It will help to increase trade and business in Chinese currency. Talks between SBP and Chinese authorities are ongoing. ISLAMABAD, PAKISTAN: China proposed a pilot plan to follow the RMB capital circulation system in Pakistan. The renminbi (RMB) capital circulation system will help both countries to conduct business and trade in Chinese currency. The involvement of third-party currency will be completely cancel from all transactions. It will help to control trade deficit and economic crises in the country. The government has urged the finance ministry and the central bank to look into the Chinese authorities’ requests and take action. Significant progress is expected to be made soon, and formal talks between the...

Petrol price increase by 30 PKR, a liter will now cost 180PKR

28May

By Muhammad Dastageer Shams1 Comment

Business, Latest

Petrol price increase by 30 PKR, a liter will now cost 180PKR

Another blow has been dealt to the common man in Pakistan, as petrol price increase by Rs 30. This hike is effective as of midnight on Thursday May 26, 2022, according to the government. In Pakistan after this increase in petrol price, one liter of petrol will cost Rs 179.85 (Rs 180 approx.) and one liter of diesel will cost Rs 174.15. The announcement regarding the IMF bailout made at a press conference by Pakistan's Finance Minister Miftah Ismail. Who made the announcement. Just one day after the talks between the Pakistani government and the IMF in Qatar broke down. An agreement reached between the staff of the IMF. And the World Bank regarding the revival of a USD 6 billion programme. The hike in petrol prices will result in a price of Rs179.86 (almost Rs 180). A diesel price...

Court summons imprisonment to Kashmiri leader Yasin Malik

27May

By Muhammad Dastageer Shams2 Comments

Business

Court summons imprisonment to Kashmiri leader Yasin Malik

Yasin Malik, a Kashmiri pro-independence leader, has been sentenced to life imprisonment in the case of 'terror' funding by the National Investigation Agency (NIA) court in the Indian capital New Delhi. Malik is one of Indian-administered Kashmir's prominent pro-freedom leaders and heads the now-banned Jammu and Kashmir Liberation Front (JKLF). Despite having pleaded guilty to all charges, the court prosecutor had sought the death penalty for Malik. The 56-year-old Yasin Malik found guilty of terrorist acts during a jury trial last week, including illegally raising funds, belonging to a terrorist organization, and participating in a criminal conspiracy. Lawyer Umesh Sharma said that a monetary penalty of over 10 lakh rupees also imposed. Different prison sentences and fi...