Pakistan expects to cut its Gross Domestic Product (GDP) growth projection for the financial year 2022-2023 from five per cent to three per cent due to losses from the catastrophic monsoon rains and floods, Planning Minister Ahsan Iqbal said on Friday. His warning came as the National Disaster Management Authority (NDMA) reported that the death […]
Russia has launched week-long military drills involving forces from China and other nations, an exercise that shows growing defence cooperation between Moscow and Beijing as they both face tensions with the United States. The large-scale manoeuvres also seem to be intended to demonstrate that Russia has sufficient military might for enormous drills even as its […]
Prime Minister Shehbaz Sharif on Tuesday said Pakistan will need to “work hard” for self-sufficiency and urged structural reforms following the revival of the International Monetary Fund (IMF) program. The revival of the IMF program was “critical” to the economy, tweeted PM Shehbaz. However, the economic stability brought by the IMF deal is just the […]
The Pakistani rupee surged against the US dollar Tuesday. During intraday trade after the International Monetary Fund’s (IMF) executive board revived the much-awaited bailout program for Islamabad. The rupee rose 2.42 against the US dollar to 219.50. During intraday trading on the interbank market from Monday’s close of 221.92. After months of desperate efforts. Global […]
The purpose of this report is to analyze the viability of investing in digital currencies and to argue that people should invest in them for the long term. Currency is a virtual currency protected by encryption, which prevents double spending on a distributed network. In today’s world, there are over 1600 cryptocurrencies that can be […]
Egypt’s National Authority for Tunnels (NAT) plans to build a 1,800-kilometer high-speed rail network that will be integrated throughout the country. The high-speed rail network; dubbed Suez Canal on tracks; will link the Red Sea and the Mediterranean for the safe transport of people and goods. Trains will be able to travel at a top […]
The crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices. Because the IRS classifies digital currencies like bitcoin as property; losses on crypto holdings are to treat much differently than losses on stocks and mutual funds, according to Onramp Invest CEO Tyrone Ross. With crypto tokens, […]
WASHINGTON — President Joe Biden responds to the June jobs numbers on Friday, saying the strong growth in employment reflects; the success of his American Rescue Plan relief bill this spring and his administration’s nationwide vaccination campaigns. Also, “We’re proving to the naysayers and the doubters that they were wrong,” Biden says; Friday morning at […]
KARACHI: The State Bank of Pakistan (SBP) on Friday eliminates the requirement of Electronic Form-E (EFE); by amending the foreign exchange regulations to facilitate exporters. Also, Through the Pakistan Single Window and International Platforms; it notifies revisions in foreign exchange regulations for export of goods from the country the central bank says. Moreover, Key changes […]
The exchange rate of the US dollar to the Pakistani rupee is determined by open-market prices set by Pakistani currency exchange dealers. Find Today’s Dollar Rate in Pakistan as of June 29th, 2021 Also, Check the latest Dollar rate today in the exchange rate in the open market. (Updated, June 29th, 2021) USD to PKR […]
