As the clock ticks down to Tuesday, October 31, 2023, illegal foreign nationals in Pakistan are facing a crucial deadline to leave the country voluntarily.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Pakistani Rupee May Recover Against Dollar Next Week Starting from October 30
Karachi, October 29, 2023 – The Pakistani Rupee (PKR) is expected to make a recovery against the US dollar in the upcoming week commencing from October 30, 2023.
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State Bank of Pakistan to Unveil Monetary Policy Decision on October 30, 2023
Karachi, October 29, 2023 – The State Bank of Pakistan (SBP) is gearing up to make a pivotal announcement on its monetary policy, set to take place on October 30, 2023.
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FPCCI Expresses Concern Over Gas Tariff Hike, Anticipates Impact on 4.3 Million Consumers
Karachi, October 28, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced its concern regarding the impending gas tariff hike and highlighted the potential adverse effects on a substantial number of consumers, estimated at around 4.3 million.
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Use of RMB for Cross-Border Settlement to Bolster Pakistan-China Trade Ties
Karachi, October 27, 2023 – The State Bank of Pakistan (SBP) has announced that the utilization of the Chinese Renminbi (RMB) for cross-border settlements will bolster bilateral ties between Pakistan and China.
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Weekly Inflation in Pakistan Eases as Petroleum Prices Decline
Karachi, October 27, 2023 – Pakistan experienced a notable decline in weekly inflation, thanks in part to a reduction in petroleum prices. The Pakistan Bureau of Statistics (PBS) on Friday released its weekly inflation report, based on the Sensitive Price Indicator (SPI), reflecting a positive trend in essential commodities pricing.
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FBR Declares Saturday Normal Working Day to Boost Revenue Collection
Karachi, October 27, 2023 – In a strategic move aimed at enhancing revenue collection, the Federal Board of Revenue (FBR) has announced Saturday, October 28, 2023, as a regular working day.
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Pakistani Rupee Sees 5th Straight Day Decline Against Dollar to End at PKR 280.57
Karachi, October 27, 2023 – In a concerning trend, the Pakistani Rupee (PKR) continued its slide against the US Dollar for the fifth consecutive day, closing at PKR 280.57 in the interbank foreign exchange market.
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Pakistan Witnesses Drop in Foreign Exchange Reserves by $257 Million
Karachi, October 26, 2023 – Pakistan has witnessed a drop in foreign exchange reserves by $257 million on a weekly basis, as reported in an official statement issued on Thursday.
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SBP Makes Biometric Verification Mandatory for All Branchless Banking Transactions
Karachi, October 26, 2023 – The State Bank of Pakistan (SBP) has taken a significant step to combat money laundering and terrorist financing by making biometric verification mandatory for all branchless banking (BB) transactions.
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