Tuesday saw a 0.07% depreciation in the value of the Pakistani rupee, which had appreciated 11% during the previous 28 days of working days due to increased demand for the dollar. The rupee ended the day at Rs277.03 to the dollar in the interbank market. According to the market discussion, the rupee has hit its […]
The Pakistani rupee is showing strong signs of continuing its robust climb after easily surpassing the much-discussed resistance level of Rs. 285 against the US dollar on Wednesday to reach a fresh three-month high in the inter-bank market. According to data from the central bank, the rupee recorded further gains of 0.37%, or Rs1.04, and […]
On First Day of In-Store Availability, Apple’s Flagship Shanghai Store Sees Over a Hundred Customers Eager to Get Their Hands on iPhone 15″ The performance of Apple’s latest iPhone in China has garnered significant attention from fans and market observers. This comes in the wake of increased restrictions on iPhone use by government employees and […]
Submits written resignation to PM Shehbaz; says ‘honour’ to serve country under premier’s leadership Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail officially resigned from the office of finance minister on Tuesday, days after announcing that he had verbally informed the premier of his decision to step down from the post. Miftah steps down as former […]
Stringent monitoring of banks and crackdowns have also strengthened the rupee The Pakistani rupee continued its rally against the US dollar on Tuesday following the return of Ishaq Dar and Prime Minister Shehbaz Sharif’s visit to the United States. The dollar was being traded at Rs234.11 in the interbank market while the open-market rate hovered […]
PTI Chairman Imran Khan on Saturday said that his party MNAs will return to the National Assembly if the government decides to investigate the cipher from Pakistan’s ambassador in Washington allegedly containing comments regarding the vote of no-confidence against him. Khan’s remarks came during a conversation with journalists in Islamabad. The cipher, based on then-envoy […]
With debt obligations drawing to a close, PM Shehbaz Sharif has made an urgent appeal for relief in the repayment of debts from rich nations, reminding them that Pakistan is bearing the brunt of environmental damage caused by them to cater to their greed. In a conversation with Bloomberg TV, PM Shehbaz Sharif said that […]
Russia is purchasing millions of rockets and artillery shells from North Korea to re-energize its offensive in Ukraine, according to recently declassified U.S. intelligence, as Western sanctions begin to choke Moscow’s supply of weapons. The Russian ministry of defense was “in the process of purchasing millions of rockets and artillery shells from North Korea for […]
Putin mobilises more troops for Ukraine, accuses West of ‘nuclear blackmail’ Russian President Vladimir Putin on Wednesday called up 300,000 reservists to fight in Ukraine and said Moscow would respond with the might of all its vast arsenal if the West pursued what he called its “nuclear blackmail” over the conflict there. It was Russia’s […]
The Pakistani rupee on Wednesday plunged to an all-time low of Rs240 against the US dollar in the inter-bank market as the currency remained under pressure due to a bullish US Federal Reserve among high oil prices. Domestic currency lost 12% against the USD during the last 14 days. This is the 14th consecutive working […]
