Miftah Ismail highlights key reasons behind rupee fall
Miftah Ismail, Former Federal Minister for Finance, has pointed out key reasons behind the massive depreciation in Pak Rupee (PKR) against the dollar.
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Author: Mrs. Anjum Shahnawaz
Pakistani workers send $2.52 billion in October 2021
KARACHI: Pakistani workers living abroad have sent $2.52 billion as remittances to their homeland in the month of October 2021, State Bank of Pakistan (SBP) said on Sunday. The SBP said that the workers’ remittances continued their strong streak as inflows recorded $2.5 billion in October 2021, up 10.2 percent (y/y) and only marginally lower […]
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State Bank enhances CRR 6% to ease pressure on PKR
KARACHI: State Bank of Pakistan (SBP) on Saturday enhanced the cash reserves requirement (CRR) for banks to 6 per cent in order to ease pressure on Pak Rupee (PKR). The SBP decided to increase the average (CRR), to be maintained during a period of two weeks by scheduled banks, from 5 percent to 6 percent […]
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Pakistan sees 70% rise in diabetes cases in two years
KARACHI: Ahead of World Diabetes Day, the International Diabetes Federation (IDF) has released new figures showing that the prevalence of diabetes in Pakistan has increased significantly as 33 million adults in Pakistan are now living with diabetes – a 70 per cent increase in past two years or since 2019. According to IDF, in 2021, […]
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President Alvi orders two banks to pay victims of fraud
ISLAMABAD: Pakistan President Dr. Arif Alvi has ordered two banks i.e. Al Baraka Bank Ltd (ABBL) and Habib Bank Ltd (HBL) to pay their customers in order to provide relief in fraud cases. President Dr Arif Alvi has upheld two different decisions of the Banking Mohtasib (BM) ordering Al Baraka Bank Ltd (ABBL) and Habib […]
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FBR bans sugar bags movement without tax stamps
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday has taken major decision to ban removal of sugar bags from factory premises without affixation of tax stamp. The condition has been imposed to implement track and trace system for monitoring of production and supply of the commodity for the crushing season 2021-2022. In order to […]
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Saudi financial assistance to Pakistan in few days: envoy
ISLAMABAD: Saudi Arabia will disburse cash deposits to Pakistan under assistance package pledged on October 26, 2021, Saudi diplomat said on Thursday. While talking to the Pakistan’s state media Saudi Ambassador Nawaf Bin Said Al-Malki said Saudi Arabia will disburse cash deposits under the pledged financial assistance after approval of the Royal Court and signing […]
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ITFC provides $761.5 million for Pakistan oil, gas import
ISLAMABAD: The International Islamic Trade Finance Corporation (ITFC) will provide financing of an amount $761.5 million to Pakistan for import of oil and gas. In this regard a financing agreement amounting to $761.5 million has been signed between the Ministry of Economic Affairs, Government of Pakistan and International Islamic Trade Finance Corporation (ITFC) for import […]
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FPCCI proposes enhancing SME turnover to Rs1.5 billion
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed to increase the turnover of Small and Medium Enterprises (SMEs) to Rs1.5 billion from existing Rs250 million for treatment of income tax. FPCCI President Mian Nasser Hyatt Maggo, while praising the government for launching the SME Policy, said the defined annual sales turnover […]
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Today’s foreign currency rates in PKR – Nov 10, 2021
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 10, 2021 (The rates are updated at 09:55 AM Pakistan Standard Time): Currency Buying Selling Australian Dollar (AUD) 126.50 128.00 Bahrain Dinar (BHD) 386.75 388.50 Canadian Dollar (CAD) 137.50 139.50 China Yuan (CNY) 23.75 23.90 Danish Krone (DNK) 23.45 23.75 Euro (EUR) 198.00 200.00 Hong […]
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