Islamabad, October 12, 2023 – Pakistan is looking forward to a bumper cotton harvest in the 2023-24 season, with preliminary estimates indicating a substantial increase in production.
(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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SBP Suspends Authorization of Five Exchange Companies in Ongoing Crackdown
Karachi, October 12, 2023 – The State Bank of Pakistan (SBP) has taken a resolute stance in its ongoing efforts to combat regulatory violations within the exchange sector.
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Pakistan Experiences 40% Decline in Car Sales During 1QFY24
Karachi, October 11, 2023 – Pakistan has witnessed a significant downturn in the sales of locally manufactured cars during the first quarter (July – September) of fiscal year 2023-24.
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Rupee Remains Unbeatable Against Dollar for 25th Straight Session; Ends at PKR 279.51
Karachi, October 11, 2023 – In a remarkable show of resilience, the Pakistani Rupee (PKR) continued its impressive streak against the US dollar for the 25th consecutive session, closing at an impressive PKR 279.51, gaining PKR 1 from the previous day’s closing rate of PKR 280.51.
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Pakistan to Sell Treasury Bills Amounting Rs 7.90 Trillion for Repayment of Domestic Debt
Karachi, October 10, 2023 – Pakistan has unveiled plans to raise a substantial amount of Rs 7.90 trillion through the sale of Market Treasury Bills (MTBs) over the next three months, according to an announcement made on Tuesday.
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Bullion Market Releases Gold Rates in Pakistan After Month-Long Closure
Karachi, October 10, 2023 – The Bullion market in Pakistan has finally unveiled its latest gold rates after a month-long hiatus due to a massive crackdown on currency smuggling and hoarding.
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Pakistan Reports 20% Decline in Foreign Remittances During First Quarter of FY24
Karachi, October 10, 2023 – Pakistan has experienced a significant 20 percent decline in foreign remittances during the first quarter (July – September) of fiscal year 2023-24.
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Rupee Bulldozes Dollar by 8.66% Since Falling to Historic Low
Karachi, October 10, 2023 – The Pakistani Rupee (PKR) has demonstrated remarkable strength by appreciating by 8.66 percent against the US dollar since hitting a historic low of PKR 307.10.
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PBC Discovers Massive Underreporting of Pakistan Exports to China
Karachi, October 10, 2023 – The Pakistan Business Council (PBC) has revealed a significant issue of underreporting in Pakistan’s exports to China, raising concerns about foreign exchange problems faced by the country.
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Pakistan Monitors Global Oil Prices as Israel-Hamas Conflict Intensifies
Karachi, October 9, 2023 – Pakistan is closely monitoring global oil prices as the Israel-Hamas conflict intensifies. The conflict escalated on Monday when Hamas launched attacks on Israeli installations last week, resulting in significant losses for both sides.
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